Why is HCP Plastene falling/rising?

As of 19-Nov, HCP Plastene Bulkpack Ltd is experiencing a price increase, with its current price at Rs 194.00, reflecting a rise of Rs 8.65 or 4.67%. The stock has shown strong performance today, outperforming its sector by 4.01% and achieving consecutive gains over the last two days, with an overall increase of 8.93% during this period. It opened with a significant gain of 4.99% and reached an intraday high of Rs 194.6. However, it also touched a low of Rs 180, indicating some volatility. The stock is trading above its moving averages across various timeframes, which is generally a positive sign. Despite this, there has been a notable decline in investor participation, with delivery volume dropping by 66.22% compared to the five-day average, which could suggest a potential concern regarding sustained interest.
In the broader market context, HCP Plastene's short-term performance has significantly outpaced the benchmark Sensex, with a one-week return of 8.14% compared to the Sensex's 0.85%. Over the past month, the stock has risen by 15.17%, while the Sensex has only increased by 1.47%. Year-to-date, HCP Plastene has achieved a return of 26.80%, far exceeding the Sensex's 9.02%. This strong relative performance indicates that the stock is gaining traction among investors, despite the recent drop in delivery volume, which may affect future trading dynamics.