Why is Hindcon Chemical falling/rising?

As of 23-Oct, Hindcon Chemicals Ltd is experiencing a price increase, with its current price at 33.44, reflecting a change of 1.91 or 6.06% upward. The stock has outperformed its sector today by 6.6%. In terms of returns, over the past week, the stock has risen by 7.18%, while it has shown a modest increase of 1.27% over the past month. However, it is important to note that the stock has significantly underperformed year-to-date and over the past year, with declines of 25.09% and 28.50%, respectively. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 57.58% against the 5-day average, which may indicate waning interest despite the recent price increase.
In the broader market context, the Sensex has increased by 1.20% over the past week and 2.87% over the past month, suggesting that while Hindcon Chemicals is rising, it is doing so in a market that is also experiencing positive movement, albeit at a slower pace. The stock's year-to-date performance is significantly worse than the benchmark's gain of 9.50%, highlighting a stark contrast in performance over a longer period. The liquidity of the stock remains adequate for trading, as it is based on 2% of the 5-day average traded value, which supports its ability to attract investors despite the recent drop in delivery volumes.