Why is Machino Plastics falling/rising?

As of 17-Oct, Machino Plastics Ltd is experiencing a price increase, currently at Rs 397.85, which reflects a rise of 18.9 or 4.99%. The stock has shown strong performance today, outperforming its sector by 5.8% and has been on a consecutive gain for the last two days, accumulating a total return of 10.22% in this period. Additionally, the stock opened with a gain of 4.99% and has maintained this price throughout the trading session. Over the past week, Machino Plastics has returned +6.76%, and it has significantly outperformed the benchmark Sensex, which only increased by +1.76%. The stock's long-term performance is also impressive, with a year-to-date return of +63.59% compared to the Sensex's +7.44%.
In the broader market context, while Machino Plastics has shown remarkable short-term returns, the Sensex has lagged behind, indicating a strong relative performance of the stock. However, there is a note of caution as the delivery volume has decreased by 16.21% against the 5-day average, suggesting a potential decline in investor participation. Despite this, the stock is trading above all its moving averages, indicating a bullish trend. The liquidity remains adequate for trading, which supports the stock's upward movement. Overall, the combination of strong recent performance and a favorable comparison to the benchmark contributes to the stock's rising price.