Why is Parker Agrochem falling/rising?

As of 29-Sep, Parker Agrochem Exports Ltd is experiencing a price increase, with its current price at 20.94, reflecting a change of 0.99 or 4.96% upward. The stock has shown strong performance, gaining 13.74% over the last four days and outperforming its sector by 4.33% today. Additionally, the stock has positive returns over various periods, including a 22.24% increase over the past month and a remarkable 121.12% over the last three years. However, there is a notable decline in investor participation, with delivery volume dropping by 74.19% against the five-day average, which could indicate a potential concern for future trading activity.
Broader market context reveals that while Parker Agrochem has been performing well, the benchmark Sensex has seen a decline of 2.18% over the past week. This contrast highlights the stock's strong relative performance, particularly with a year-to-date return of 7.49% compared to the Sensex's 2.85%. The stock's consistent trading above its moving averages further supports its upward trend, despite the liquidity concerns stemming from reduced delivery volumes. Overall, the stock's rise can be attributed to its strong performance metrics and resilience against broader market declines.