Why is Natl. Plastic falling/rising?

As of 23-Jul, National Plastic Industries Ltd is experiencing a price increase, currently at 66.75, reflecting a rise of 0.7 or 1.06%. The stock has shown strong performance recently, outperforming its sector by 0.57% today and achieving consecutive gains over the last two days with a total return of 4.31%. It is trading above all key moving averages, indicating positive momentum. Additionally, investor participation has increased significantly, with delivery volume rising by 198.26% compared to the 5-day average. The company has also reported positive financial results, with a higher profit after tax of Rs 3.14 Cr for the nine-month period, and a notable increase in profits by 132.9% over the past year, contributing to its attractive valuation.
In the broader market context, National Plastic's short-term return of 2.69% over the past week significantly outpaces the Sensex's modest gain of 0.11%. While the stock's year-to-date return of 2.85% lags behind the Sensex's 5.87%, its long-term performance remains strong with a 258.87% increase over the past five years compared to the Sensex's 116.90%. This indicates that despite some underperformance in the year-to-date comparison, the stock's recent upward movement is supported by solid fundamentals and investor interest, positioning it favorably in the market.