Why is Nikhil Adhesives falling/rising?

As of 13-Oct, Nikhil Adhesives Ltd is experiencing a significant rise in its stock price, currently at 116.00, reflecting an increase of 13.85, or 13.56%. The stock opened with a notable gain of 17.47% today and reached an intraday high of Rs 120. It has outperformed its sector by 14.18%, and trading volumes have surged, with a delivery volume increase of 160.74% compared to the 5-day average. Additionally, the stock is trading above its moving averages across various time frames, indicating strong upward momentum. However, there is no information available regarding positive or negative factors that might influence the stock's recent movement.
In the broader market context, Nikhil Adhesives has shown a strong short-term return of 14.45% over the past week, significantly outperforming the Sensex, which only increased by 0.66% during the same period. Despite this recent performance, the stock has underperformed on a year-to-date basis, with a decline of 2.44% compared to the Sensex's gain of 5.36%. This contrast highlights the stock's volatility and potential for recovery, particularly in light of its impressive long-term performance over the past five years, where it has increased by 732.44%, compared to the Sensex's 102.65% increase.