Why is Sh. Hari Chem. falling/rising?

As of 29-Oct, Shree Hari Chemicals Export Ltd is experiencing a price increase, currently at Rs 107.00, which reflects a rise of 1.02 (0.96%). The stock has shown strong performance recently, gaining 10.47% over the last two days and outperforming its sector by 0.53% today. Additionally, the stock has outperformed the Sensex over the past week with a return of 13.12% compared to the benchmark's 0.68%. The stock is currently trading above its 5-day, 20-day, and 50-day moving averages, indicating a positive short-term trend. Furthermore, there has been a significant increase in investor participation, with delivery volume rising by 230.5% against the 5-day average, suggesting heightened interest and confidence among investors.
Broader Market Context: In the context of the broader market, Shree Hari Chemicals has outperformed the Sensex in the short term, as evidenced by its 1-week return of 13.12% compared to the Sensex's 0.68%. However, it is important to note that the stock has a year-to-date performance that is down 23.30%, contrasting sharply with the Sensex's gain of 8.78% during the same period. This divergence indicates that while the stock is currently on an upward trajectory, it has faced significant challenges earlier in the year, which may still influence investor sentiment moving forward.