Why is Mahickra Chem. falling/rising?

As of 14-Jul, Mahickra Chemicals Ltd is experiencing a price increase, with its current price at Rs. 139.95, reflecting a rise of Rs. 2.0 or 1.45%. The stock has recently hit a new 52-week high of Rs. 150, indicating strong upward momentum. It has outperformed its sector by 2.06% today and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which suggests a bullish trend. However, there has been a decline in investor participation, as the delivery volume on 11 July fell by 7.41% compared to the 5-day average. The stock has shown impressive returns over various periods, including a 23.85% increase year-to-date and a 28.63% rise over the past year, significantly outperforming the Sensex during these timeframes.
In the broader market context, Mahickra Chemicals Ltd's short-term performance stands in stark contrast to the Sensex, which has declined by 1.49% over the past week while the stock has surged by 13.41%. This divergence highlights the stock's relative strength amid a challenging market environment. The stock's liquidity remains adequate for trading, as it is based on 2% of the 5-day average traded value. Overall, while the stock is currently rising, the decrease in delivery volume could be a point of concern for future performance, though specific positive or negative factors were not provided in the available data.