Why is HCP Plastene falling/rising?

As of 13-Nov, HCP Plastene Bulkpack Ltd's stock price is rising, currently at Rs 197.30, reflecting an increase of Rs 17.9 or 9.98%. The stock has demonstrated strong performance, gaining 29.17% over the last six days and outperforming its sector by 9.34% today. It opened with a gain of 4.79% and reached an intraday high of Rs 197.30. Additionally, the stock has shown impressive returns over various periods, including a 27.33% increase over the past week and a 28.95% rise year-to-date, significantly outpacing the Sensex, which has only increased by 1.40% and 8.11% respectively. However, there has been a notable decline in investor participation, with delivery volume dropping by 54.07% against the five-day average.
Broader Market Context: The stock's recent performance stands in stark contrast to the broader market, as HCP Plastene has outperformed the Sensex significantly in the short term. While the Sensex has only gained 1.40% over the past week, HCP Plastene's 27.33% increase highlights its strong momentum. This divergence suggests that specific factors related to HCP Plastene are driving its price higher, despite a general decline in investor participation. The liquidity of the stock remains adequate for trading, indicating that while there may be fluctuations in participation, the stock is still accessible for investors.