Why is Mohit Paper Mill falling/rising?

As of 29-Oct, Mohit Paper Mills Ltd is experiencing a price increase, with its current price at Rs 35.95, reflecting a change of 3.49 or 10.75% upward. The stock has outperformed its sector by 10.14% today and has shown consecutive gains over the last two days, accumulating a total return of 15.74%. Additionally, the stock has been trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. However, there has been a notable decline in investor participation, with delivery volume dropping by 81.23% compared to the 5-day average, which may raise concerns about sustainability in the stock's upward movement.
In the broader market context, Mohit Paper Mills has outperformed the Sensex over the past week and month, with returns of 11.65% and 12.34%, respectively, compared to the Sensex's 0.68% and 5.76%. Despite this strong short-term performance, the stock has underperformed on a year-to-date basis, with a decline of 12.74% against the Sensex's gain of 8.78%. The high volatility observed today, with an intraday volatility of 8.31%, suggests that while the stock is currently rising, it may be subject to fluctuations that could impact future performance.