Why is Mitsu Chem Plast falling/rising?

As of 16-Sep, Mitsu Chem Plast Ltd's stock price is currently at Rs 107.50, reflecting an increase of Rs 2.15 or 2.04%. The stock has shown a positive trend recently, gaining 4.93% over the last two days and outperforming its sector by 0.87%. Additionally, the stock has performed well over the past week with a return of 4.98%, although it has seen a decline of 4.10% year-to-date and a significant drop of 23.13% over the past year. The stock's intraday performance included a high of Rs 108, while it also touched a low of Rs 103.05. Notably, there has been a rise in investor participation, with delivery volume increasing by 136.63% compared to the 5-day average, indicating growing interest in the stock.
In the broader market context, Mitsu Chem Plast's recent performance contrasts with the benchmark Sensex, which has gained 1.58% over the past week. While the stock has outperformed the benchmark in the short term, it still lags behind in longer-term comparisons, with a year-to-date decline versus the Sensex's gain of 5.43%. The stock's moving averages indicate that it is currently above the 5-day and 20-day averages but below the longer-term averages, suggesting mixed sentiments among investors. Overall, while the stock is experiencing a short-term rise, its longer-term performance remains a concern, reflecting the challenges it faces in the market.