Why is Premium Plast falling/rising?

As of 19-Nov, Premium Plast Ltd is experiencing a price increase, currently at 37.25, reflecting a rise of 2.05 or 5.82%. The stock has outperformed its sector by 6.38% today, and it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 48.15% compared to the 5-day average. However, the stock's year-to-date performance shows a decline of 14.07%, and it has underperformed over the past month, down 1.46%, which suggests some volatility in its longer-term performance.
In the broader market context, the Sensex has gained 0.68% over the past week, while Premium Plast has significantly outperformed this benchmark with a 12.03% increase in the same period. Despite its recent gains, the stock's year-to-date performance contrasts sharply with the Sensex's 10.18% increase, highlighting a divergence in performance. The liquidity of the stock remains adequate, allowing for trades without significant hindrance, which may contribute to its recent upward movement. Overall, while Premium Plast is currently rising, its longer-term trends indicate a need for cautious optimism among investors.