Why is Machino Plastics falling/rising?

As of 18-Sep, Machino Plastics Ltd is experiencing a slight increase in its stock price, currently at 295.65, with a change of 0.65, representing a 0.22% rise. The stock has shown strong performance recently, gaining 8.67% over the last two days and outperforming its moving averages across various time frames, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 439.13% compared to the 5-day average. The stock's performance over the past week, month, and year has also been impressive, with returns of 4.84%, 16.81%, and 11.88% respectively, indicating a strong upward trend.
In the broader market context, Machino Plastics has outperformed the Sensex, which has only gained 1.80% over the past week and 2.14% over the past month, while Machino Plastics has achieved returns of 4.84% and 16.81% in the same periods. This indicates that the stock is not only performing well on its own but is also gaining traction compared to the overall market. The liquidity of the stock is sufficient for trading, as it is based on 2% of the 5-day average traded value, further supporting its positive movement. Overall, the combination of strong recent performance, increased investor interest, and favorable comparisons to the benchmark suggests that Machino Plastics is rising due to solid fundamentals and market dynamics.