Why is HCP Plastene falling/rising?

As of 12-Nov, HCP Plastene Bulkpack Ltd's stock price is rising, currently at Rs 179.40, reflecting an increase of Rs 16.3 or 9.99%. The stock has shown strong performance today, outperforming its sector by 9.61% and has been on a consecutive gain streak for the last five days, accumulating a total return of 17.45% during this period. It opened with a significant gap up of 6.93% and reached an intraday high of Rs 179.4. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bullish trend. However, there has been a decline in investor participation, with delivery volume falling by 9.25% compared to the 5-day average, which may suggest some caution among investors.
Broader Market Context: In comparison to the benchmark Sensex, HCP Plastene's short-term return of 17.45% over the past week significantly outpaces the Sensex's return of 1.21% during the same period. Year-to-date, HCP Plastene has also outperformed the benchmark, with a return of 17.25% compared to the Sensex's 8.10%. This strong performance relative to the broader market indicates that investor sentiment towards HCP Plastene is currently positive, despite the noted decrease in delivery volume, which could be a factor to monitor moving forward.