Why is Sh. Hari Chem. falling/rising?

As of 18-Sep, Shree Hari Chemicals Export Ltd is experiencing a price increase, currently at Rs 103.85, which reflects a rise of Rs 6.75 or 6.95%. The stock has been on an upward trend, gaining for the last three days and achieving an overall return of 8.18% during this period. It opened with a gain of 2.99% today and reached an intraday high of Rs 103.85. However, despite this positive movement, there has been a decline in investor participation, with delivery volume falling by 21.67% against the five-day average, which may indicate a potential concern for sustained momentum. The stock's performance over the past week shows a return of 6.24%, which is favorable compared to the Sensex's 1.80% increase, although it remains down 25.56% year-to-date.
In the broader market context, Shree Hari Chemicals has outperformed the sector today by 7.45%, suggesting strong relative strength in the short term. While the stock has shown positive returns over the past week and month, its year-to-date performance remains significantly lower than the benchmark, which has increased by 6.24%. The stock's moving averages indicate that it is currently above the 5-day and 20-day averages but below the longer-term 50-day, 100-day, and 200-day averages, which could reflect mixed signals about its longer-term trend. Overall, while the recent price increase is encouraging, the drop in delivery volume and the stock's year-to-date performance compared to the benchmark may temper optimism about its future trajectory.