Why is Nikita Papers falling/rising?

As of 18-Sep, Nikita Papers Ltd is experiencing a slight decline in its stock price, currently at Rs. 120.10, reflecting a decrease of Rs. 0.15 or 0.12%. The stock has recently hit a new 52-week and all-time high of Rs. 126, indicating strong upward momentum prior to this minor drop. Despite this, the stock has shown erratic trading patterns, not trading on three out of the last twenty days, and has seen a significant decline in investor participation, with delivery volume falling by 78.39% against the five-day average. Additionally, while the stock is trading above its moving averages across various time frames, the lack of available positive or negative dashboard data limits a comprehensive understanding of the factors influencing its recent price movement.
In the broader market context, Nikita Papers has outperformed the benchmark Sensex over the past week, with a return of 22.43% compared to the Sensex's 1.67%. This substantial outperformance suggests that the stock has been favored by investors despite its current price decline. However, the significant drop in delivery volume may indicate waning interest or confidence among investors, which could be a contributing factor to the recent price movement. Overall, while the stock has shown impressive short-term gains, the recent decline in price and trading activity raises concerns about its sustainability in the face of broader market trends.