Why is Ruchira Papers falling/rising?

As of 03-Sep, Ruchira Papers Ltd is experiencing a price increase, currently at Rs 153.20, reflecting a rise of Rs 3.8 or 2.54%. The stock has been gaining momentum, having outperformed its sector by 2.69% today and achieving a consecutive gain over the last three days, resulting in a total return of 5.66% during this period. Additionally, the stock is trading close to its 52-week high, just 0.98% away from Rs 154.7, and is above all key moving averages, indicating strong upward momentum. However, there has been a decline in investor participation, with delivery volume falling by 10.8% compared to the five-day average, which could suggest some caution among investors despite the positive price movement.
Broader Market Context: In the context of the broader market, Ruchira Papers has shown significant strength compared to the benchmark Sensex, with a one-week return of +4.15% against the Sensex's -0.27%. Over the past month, the stock has risen by 15.02%, while the Sensex has remained nearly flat at -0.04%. This performance indicates that Ruchira Papers is not only gaining traction on its own but is also outperforming the overall market, contributing to its rising stock price.