Why is Kwality Pharma falling/rising?

As of 13-Nov, Kwality Pharmaceuticals Ltd is experiencing a significant rise in its stock price, currently at 984.45, which reflects an increase of 103.3 or 11.72%. The stock has shown strong performance today, outperforming its sector by 11.51% and achieving a consecutive gain over the last two days with a total return of 17.45%. It reached an intraday high of Rs 1010.45, indicating high volatility with an intraday fluctuation of 7.74%. Additionally, the stock has demonstrated impressive returns over various periods, including a 13.27% increase over the past week and a remarkable 185.68% rise over the last three years. There is also a notable increase in investor participation, with delivery volume rising by 83.19% against the five-day average, suggesting growing interest in the stock.
In the broader market context, Kwality Pharmaceuticals has significantly outperformed the Sensex, which has only increased by 1.40% over the past week, while the stock itself has risen by 13.27%. This trend of outperformance continues across other time frames, with the stock's year-to-date return of 13.21% surpassing the Sensex's 8.11%. The strong performance relative to the benchmark indicates that investor sentiment towards Kwality Pharmaceuticals is positive, likely driven by its recent gains and increased trading activity. Overall, the combination of strong stock-specific factors and favorable comparisons to broader market performance suggests that the stock's rise is supported by both internal momentum and external market conditions.