Why is Mahickra Chem. falling/rising?

As of 09-Sep, Mahickra Chemicals Ltd is experiencing a price increase, currently at 155.00, reflecting a rise of 12.15 or 8.51%. The stock has outperformed its sector by 8.57% today and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong momentum. Over the past week, the stock has gained 3.33%, and over the past month, it has risen by 14.64%. However, there is a notable decline in investor participation, with delivery volume dropping by 25% compared to the 5-day average, which could suggest a potential concern regarding sustained interest in the stock. Unfortunately, there is no information available regarding positive or negative factors that could further clarify the stock's recent movements.
In the broader market context, Mahickra Chemicals Ltd has significantly outperformed the Sensex, which has only increased by 1.18% over the past week. The stock's year-to-date return of 37.17% also contrasts sharply with the Sensex's 5.18% gain, highlighting its strong performance relative to the benchmark. Over the last year, Mahickra has achieved a remarkable return of 42.73%, while the Sensex has seen a slight decline of 0.27%. This consistent outperformance suggests that the stock is gaining traction among investors, despite the recent drop in delivery volume.