Why is Mahickra Chem. falling/rising?

As of 18-Sep, Mahickra Chemicals Ltd is experiencing a slight increase in its stock price, currently at 157.95, with a change of 0.05 (0.03%) up. The stock has shown strong performance recently, outperforming the sector by 0.53% today. Additionally, it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. The stock has also seen a significant increase in investor participation, with a delivery volume on 17 September rising by 372.22% compared to the 5-day average. Over the past year, Mahickra Chemicals has delivered a return of 43.59%, significantly outperforming the Sensex, which only increased by 0.18%.
In the broader market context, Mahickra Chemicals has outperformed the benchmark Sensex over various periods, including a 1-week return of 1.90% compared to the Sensex's 1.67% and a year-to-date return of 39.78% against the Sensex's 7.52%. This consistent outperformance suggests that investor sentiment towards Mahickra Chemicals remains strong, contributing to the stock's upward movement. The overall liquidity of the stock, being adequate for trading, further supports its positive price action in the market.