Why is Karnika Industri falling/rising?

As of 18-Jul, Karnika Industries Ltd is experiencing a price increase, currently trading at Rs. 712.40, which reflects a rise of Rs. 12.45 or 1.78%. The stock has recently hit a new 52-week and all-time high of Rs. 723 today. It has outperformed its sector by 2.62% and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 96.68% against the 5-day average. The stock has shown impressive returns, with a year-to-date increase of 89.97% and a one-year increase of 128.00%, significantly outpacing the Sensex, which has only risen by 5.60% and 0.68% in the same periods.
In the broader market context, Karnika Industries' short-term performance is notably strong, with a 1-week return of 8.16% compared to the Sensex's decline of 0.72%. This stark contrast indicates that the stock is gaining traction among investors, likely due to its robust performance metrics and rising liquidity, which supports trading activity. The absence of any negative factors in the provided data suggests a favorable outlook, contributing to the stock's upward momentum amidst a generally stable market environment.