Why is Mahickra Chem. falling/rising?

As of 11-Sep, Mahickra Chemicals Ltd is experiencing a price increase, currently at 155.00, reflecting a rise of 5.0 or 3.33%. The stock has shown strong performance today, outperforming its sector by 3.47%. Additionally, it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Over the past week, the stock has gained 4.06%, and over the past month, it has increased by 11.51%. However, there has been a notable decline in investor participation, with delivery volume dropping by 61.54% compared to the 5-day average, which could indicate a potential concern for future trading activity.
In the broader market context, Mahickra Chemicals Ltd has significantly outperformed the Sensex, which has only increased by 1.10% over the past week. The stock's year-to-date return stands at an impressive 37.17%, compared to the Sensex's 5.75%, and its one-year return is 51.89% against the Sensex's mere 0.35%. This strong performance relative to the benchmark suggests that investor sentiment remains positive despite the recent drop in delivery volume, which may warrant monitoring as it could affect liquidity and trading dynamics in the future.