Why is Kanpur Plastipa. falling/rising?

As of 10-Oct, Kanpur Plastipack Ltd is experiencing a price increase, currently at Rs 223.90, which reflects a rise of Rs 13.25 or 6.29%. The stock has outperformed its sector by 6.14% today, reaching an intraday high of Rs 223.90. Despite this positive movement, there has been a notable decline in investor participation, with delivery volume falling by 55.8% compared to the 5-day average. Over the past week, the stock has shown a return of +7.13%, significantly outperforming the Sensex, which only increased by +1.59%. Year-to-date, Kanpur Plastipack has delivered an impressive return of +78.41%, far exceeding the Sensex's +5.58%.
In the broader market context, the stock's recent performance indicates strong resilience compared to the benchmark index. While the stock has seen a slight decline of -3.82% over the past month, its year-on-year return of +88.95% and a three-year return of +100.45% highlight its long-term growth potential. The stock's ability to trade above all key moving averages suggests a bullish trend, although the drop in delivery volume may raise concerns about sustainability. Overall, the stock's strong performance relative to the market and its historical returns contribute positively to its current upward price movement.