Why is Nikita Papers falling/rising?

As of 15-Oct, Nikita Papers Ltd is experiencing a price increase, currently at 140.00, which reflects a change of 2.7 or 1.97% upward. The stock has shown strong performance recently, with a 1-week return of +22.65% and a 1-month return of +42.71%, significantly outperforming the Sensex, which has only increased by 1.11% and 1.01% over the same periods, respectively. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. However, there has been a notable decline in investor participation, with delivery volume dropping by 85.54% compared to the 5-day average, which could suggest a potential concern for future momentum.
In the broader market context, Nikita Papers' impressive short-term returns highlight its strong performance relative to the benchmark, as it has outpaced the Sensex significantly in both the 1-week and 1-month periods. This indicates that investor sentiment towards Nikita Papers is currently favorable, despite the drop in delivery volume, which may reflect a temporary fluctuation rather than a fundamental weakness. Overall, the stock's upward movement can be attributed to its robust recent performance and positive trading indicators, although the decline in investor participation warrants monitoring for potential future impacts.