Why is Nitta Gelatin falling/rising?

As of 31-Oct, Nitta Gelatin India Ltd is experiencing a price increase, currently at 890.00, reflecting a rise of 11.85 or 1.35%. The stock has shown strong performance today, outperforming its sector by 0.45%, and has been on a consecutive gain streak for the last four days, accumulating a total return of 4.49% during this period. 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 decline in investor participation, with delivery volume dropping by 22.15% compared to the 5-day average, which could suggest a potential concern for sustained momentum.
Broader Market Context: In the context of market performance, Nitta Gelatin has outperformed the Sensex over the past week, gaining 3.24% while the benchmark has declined by 0.32%. Year-to-date, the stock has also shown significant strength, with a return of 16.83% compared to the Sensex's 7.42%. This indicates that while the broader market may be experiencing fluctuations, Nitta Gelatin is maintaining a robust performance relative to its peers, contributing to its rising stock price.