Why is Mahickra Chem. falling/rising?

As of 19-Sep, Mahickra Chemicals Ltd is experiencing a price increase, with its current price at 159.00, reflecting a change of 1.05 (0.66%) upward. The stock has shown strong performance, outperforming its sector by 0.99% today. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Additionally, there has been a significant rise in investor participation, with delivery volume on 18 September increasing by 252.94% compared to the 5-day average. Over the past week, the stock has gained 5.30%, and it has delivered impressive returns of 40.71% year-to-date and 44.55% over the past year, significantly outpacing the Sensex, which has only seen a 7.11% increase year-to-date and a decline of 0.35% over the past year.
In the broader market context, Mahickra Chemicals Ltd's short-term performance has notably outperformed the Sensex, which gained only 0.85% over the past week. This strong relative performance suggests that investor sentiment towards Mahickra Chemicals is robust compared to the overall market. The stock's liquidity is also favorable, as it is liquid enough for trading, which may further attract investors. Overall, the combination of rising investor interest, strong historical returns, and positive technical indicators contributes to the stock's upward movement.