Why is Ducol Organics falling/rising?

As of 15-Sep, Ducol Organics & Colours Ltd is experiencing a price increase, currently at Rs 166.50, reflecting a rise of Rs 4.15 or 2.56%. The stock is trading close to its 52-week high, just 0.9% away from Rs 168, and has outperformed its sector by 1.06% today. Additionally, Ducol Organics has shown strong performance over various time frames, with a 1-week return of 2.78%, a 1-month return of 15.34%, and a year-to-date return of 22.74%, significantly outpacing the Sensex, which has returned only 1.20%, 1.78%, and 6.02% respectively in the same periods. However, there has been a decline in investor participation, with delivery volume falling by 5.33% against the 5-day average.
Broader Market Context: The stock's recent performance indicates a strong upward trend compared to the benchmark, particularly in the short term, where it has outperformed the Sensex. While Ducol Organics has shown robust returns over the past year, the broader market has struggled, as evidenced by the Sensex's decline of 1.13% over the same period. This contrast highlights Ducol's relative strength in a challenging market environment, contributing to its rising stock price despite a decrease in trading volume, which suggests a potential concern for future liquidity.