Why is MCON Rasayan falling/rising?

As of 27-Oct, MCON Rasayan India Ltd is experiencing a price increase, currently at 79.95, reflecting a rise of 3.8 or 4.99%. The stock has shown strong performance recently, with a 19.95% increase over the past week and a 24.05% increase over the past month, significantly outperforming the Sensex, which has only risen by 0.48% and 5.32% in those respective periods. Additionally, today's trading activity indicates a notable rise in investor participation, with delivery volume increasing by 81.82% compared to the 5-day average. The stock is currently trading above its 5-day, 20-day, and 50-day moving averages, although it remains below the 100-day and 200-day moving averages.
In the broader market context, MCON Rasayan's recent performance stands in stark contrast to its year-to-date decline of 61.93%, while the Sensex has gained 9.82% during the same period. This suggests that while the stock is currently on an upward trajectory, it has faced significant challenges over the longer term. The liquidity of the stock is adequate for trading, as it represents 2% of the 5-day average traded value, which supports its current price movement. Overall, the recent positive momentum in MCON Rasayan's stock price can be attributed to increased investor interest and short-term gains, despite its historical underperformance relative to the broader market.