Why is Dipna Pharmachem falling/rising?

As of 13-Oct, Dipna Pharmachem Ltd's stock price is currently at Rs 23.85, reflecting an increase of Rs 1.1 or 4.84%. The stock has shown strong performance today, outperforming its sector by 4.99%. It reached an intraday high of Rs 25, marking a 9.89% increase, although it also touched a low of Rs 22, which is a decrease of 3.3%. Over the past week, the stock has risen by 9.20%, and year-to-date, it has appreciated by 65.51%. Despite this positive movement, there has been a notable decline in investor participation, with delivery volume dropping by 48.19% against the 5-day average, indicating potential concerns about sustained interest in the stock. Broader market context shows that while Dipna Pharmachem has significantly outperformed the Sensex, which has only increased by 0.66% over the past week, the stock's volatility has been high, with an intraday volatility of 6.38%. This suggests that while the stock is experiencing upward momentum, it is also subject to considerable fluctuations. The stock is trading above all major moving averages, which typically indicates a bullish trend. However, the erratic trading pattern, with the stock not trading on one day out of the last 20, raises questions about its stability in the market. Overall, the combination of strong returns and high volatility contributes to the stock's rising price, despite the drop in investor participation.