Why is Mahickra Chem. falling/rising?

As of 23-Oct, Mahickra Chemicals Ltd is experiencing a price increase, with its current price at 163.10, reflecting a change of 0.85 or 0.52% upward. The stock has shown strong performance today, outperforming its sector by 1.06%. Additionally, it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. The delivery volume has significantly increased by 248.48% against the 5-day average, suggesting rising investor participation. Over the past year, the stock has delivered a remarkable return of 48.27%, compared to the Sensex's 5.96%, highlighting its strong performance relative to the broader market.
In the broader market context, Mahickra Chemicals Ltd has outperformed the Sensex in both the short-term and long-term, with a 6.74% return over the past week compared to the Sensex's 1.20%. This trend of outperformance is consistent, as the stock has also shown a year-to-date return of 44.34% versus the Sensex's 9.50%. The liquidity of the stock is adequate for trading, further supporting its upward movement. Overall, the combination of strong recent performance, increased investor interest, and favorable comparisons to the benchmark indices contributes to the stock's rising price.