Why is Rama Phosphates falling/rising?

As of 24-Oct, Rama Phosphates Ltd is experiencing a price increase, with its current price at Rs. 192.90, reflecting a rise of Rs. 5.8 or 3.1%. The stock has recently hit a new 52-week high of Rs. 199.35 and has outperformed its sector by 3.39%. Over the last three days, the stock has gained 18.85%, and it is trading above all key moving averages, indicating strong upward momentum. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 60.89% compared to the five-day average, suggesting heightened interest and confidence in the stock.
In the broader market context, Rama Phosphates has shown impressive returns, with a year-to-date increase of 100.78%, significantly outperforming the Sensex, which has only risen by 7.77% during the same period. Over the past month, the stock has gained 23.89%, compared to the Sensex's 3.05% increase, indicating a strong relative performance. This robust performance in both short-term and long-term metrics highlights the stock's resilience and attractiveness to investors, contributing to its rising price.