Why is Rama Phosphates falling/rising?

As of 07-Nov, Rama Phosphates Ltd is experiencing a price increase, currently at Rs 206.90, reflecting a rise of Rs 17.45 or 9.21%. The stock has shown strong performance today, having outperformed its sector by 9.45% and is just 1.74% away from its 52-week high of Rs 210.5. Notably, the stock has gained after two consecutive days of decline, reaching an intraday high of Rs 210.4. Over the past week, Rama Phosphates has returned +12.38%, and over the past month, it has increased by +30.08%. However, there has been a decline in investor participation, with delivery volume dropping by 37.57% compared to the 5-day average, which may indicate some caution among investors.
Broader market context shows that while Rama Phosphates has significantly outperformed the Sensex, which has declined by 0.86% over the past week, the stock's year-to-date return stands at an impressive +115.35% compared to the Sensex's +6.50%. This stark contrast highlights the stock's strong momentum in a generally stable market environment. The liquidity of the stock remains adequate for trading, suggesting that despite the drop in delivery volume, there is still sufficient market activity to support its price movements.