Why is Ruchira Papers falling/rising?

As of 18-Sep, Ruchira Papers Ltd is experiencing a price increase, currently at Rs. 168.15, which reflects a rise of 1.8 or 1.08%. The stock has recently hit a new 52-week high of Rs. 173 and has shown strong performance, gaining 11.99% over the last four days. It is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Furthermore, there has been a significant increase in investor participation, with delivery volume rising by 337.25% compared to the 5-day average. The stock's year-to-date return stands at 30.45%, significantly outperforming the Sensex, which has only increased by 6.24% during the same period.
In the broader market context, Ruchira Papers has outperformed the benchmark Sensex in both the short-term and long-term, with a 1W return of 11.28% compared to the Sensex's 1.80%. This strong performance relative to the benchmark suggests that investor sentiment towards Ruchira Papers is positive, likely driven by its high dividend yield of 3.01% and robust trading activity. Overall, the combination of rising stock prices, increased trading volume, and consistent gains over recent periods contributes to the stock's upward momentum in the market.