Why is Mahickra Chem. falling/rising?

As of 23-Sep, Mahickra Chemicals Ltd is currently priced at 157.60, reflecting a decrease of 2.35, or 1.47%. The stock has underperformed its sector today by 0.91%, and there has been a significant decline in investor participation, with delivery volume dropping by 91.53% compared to the 5-day average. Despite this, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive trend over a longer period. Over the past year, Mahickra Chemicals has shown strong performance with a 37.04% increase, significantly outpacing the Sensex, which has declined by 2.97% during the same timeframe.
In the broader market context, Mahickra Chemicals has demonstrated a positive return of 0.38% over the past week, while the Sensex has decreased by 0.28%, suggesting that the stock is performing relatively better than the overall market in the short term. However, the recent decline in price and delivery volume may indicate a shift in investor sentiment or market dynamics that could be impacting the stock negatively. Overall, while the stock has shown strong performance year-to-date and over the past three years, the current price drop may reflect short-term challenges despite its longer-term upward trajectory.