Why is Pharmaids Pharma falling/rising?

As of 15-Oct, Pharmaids Pharmaceuticals Ltd is experiencing a price increase, currently at Rs 47.46, which reflects a rise of Rs 2.78 or 6.22%. The stock has shown a strong performance today, outperforming its sector by 6.14% and has gained consecutively over the last two days, accumulating a total return of 10.53%. Despite this positive movement, the stock has faced challenges in the past, with a 1-week decline of 3.89% and a 1-month drop of 19.11%. Additionally, the stock's delivery volume has significantly decreased by 89.44% compared to its 5-day average, indicating a potential concern regarding investor participation. The lack of positive or negative dashboard data limits further insights into the specific factors influencing the stock's recent movement.
Broader Market Context: In comparison to the benchmark Sensex, which has gained 1.02% over the past week, Pharmaids Pharmaceuticals Ltd's short-term performance has been underwhelming, with a 1-week decline. However, the stock has outperformed the benchmark over a longer period, with a notable 3-year return of 246.42% compared to the Sensex's 42.62%. This suggests that while the stock is currently experiencing volatility and short-term challenges, it has historically provided substantial returns over a longer timeframe, indicating potential resilience in the face of broader market fluctuations.