Why is Nikita Papers falling/rising?

As of 17-Sep, Nikita Papers Ltd is experiencing a price increase, with its current price at Rs. 120.25, reflecting a rise of Rs. 1.7 or 1.43%. The stock has recently hit a new 52-week and all-time high of Rs. 124.85 today, indicating strong upward momentum. Additionally, the stock has outperformed its sector by 1.5%. However, it is important to note that there has been erratic trading, as the stock did not trade on 4 out of the last 20 days, and there is a significant decline in investor participation, with delivery volume dropping by 61.06% against the 5-day average. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which typically suggests a bullish trend.
In the broader market context, Nikita Papers has shown a remarkable short-term return of 22.58% over the past week, significantly outperforming the Sensex, which only increased by 1.43% during the same period. This strong performance may be attracting more attention from investors despite the noted decline in delivery volume, which could indicate a potential concern for future trading activity. Overall, while the stock is rising, the combination of high volatility and falling investor participation may warrant caution among potential investors.