Why is Natura Hue Chem falling/rising?

As of 30-Sep, Natura Hue Chem Ltd's stock price is rising, currently at Rs. 13.56, reflecting an increase of Rs. 2.26 or 20.0%. The stock has recently hit a new 52-week high and has outperformed its sector by 18.43%. It has been on a consecutive gain for the last two days, accumulating a remarkable 43.95% return during this period. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong upward momentum. Notably, investor participation has surged, with delivery volume increasing by 6841.67% compared to the 5-day average, suggesting heightened interest and confidence among investors.
In the broader market context, Natura Hue Chem's performance stands in stark contrast to the Sensex, which has declined by 2.23% over the past week. The stock has shown impressive returns of 37.11% in the last week and 47.39% over the past month, while the Sensex has only gained 0.57% in the same timeframe. This significant outperformance highlights the stock's strength relative to the broader market, contributing to its rising price. Overall, the combination of strong technical indicators, increased investor participation, and substantial short-term returns relative to the benchmark has propelled Natura Hue Chem's stock price upward.