Why is Karnika Industri falling/rising?

As of 08-Oct, Karnika Industries Ltd is currently priced at 181.65, reflecting an increase of 3.7, or 2.08%. The stock has shown a strong performance today, outperforming its sector by 2.5%. It is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. However, there has been a decline in investor participation, with delivery volume falling by 6.25% compared to the 5-day average. In terms of returns, the stock has performed well year-to-date with a gain of 142.20% and an impressive 249.66% increase over the past year, significantly outpacing the Sensex, which has only risen by 5.93% and 0.13% respectively.
In the broader market context, Karnika Industries has outperformed the Sensex in the short term, with a 1-week return of 2.63% compared to the benchmark's 0.84%. This suggests that while the stock is experiencing a positive price movement, it is doing so in a market that is also showing some upward momentum, albeit at a slower pace. The strong year-on-year performance indicates robust investor confidence, but the recent drop in delivery volume may raise concerns about sustained interest in the stock moving forward. Overall, the combination of strong historical performance and current price trends contributes to the stock's rising price, despite the noted decrease in investor participation.