Why is Medico Remedies falling/rising?

As of 09-Oct, Medico Remedies Ltd is experiencing a price increase, currently at 51.30, reflecting a change of 0.55 or 1.08% upward. The stock has shown strong performance over the past week with a return of +6.04% and +32.39% over the past month, significantly outperforming the Sensex, which returned +1.47% and +1.32% respectively during the same periods. However, despite this positive movement, there is a notable decline in investor participation, with delivery volume dropping by -88.94% against the 5-day average, which may indicate a potential concern regarding sustained interest in the stock. Additionally, while the stock is trading above its 5-day, 20-day, 50-day, and 100-day moving averages, it remains below the 200-day moving average, suggesting mixed signals regarding its long-term trend.
In the broader market context, Medico Remedies' recent performance contrasts sharply with the benchmark, as it has outperformed the Sensex in both the short-term and medium-term returns. The stock's year-to-date performance shows a decline of -5.75%, while the Sensex has gained +5.16%, indicating a lag in the longer-term perspective. This divergence may reflect specific challenges faced by Medico Remedies that are not affecting the broader market. Overall, while the stock is currently rising, the significant drop in investor participation and its underperformance year-to-date compared to the benchmark could pose risks to its upward momentum.