Why is Sh. Hari Chem. falling/rising?

As of 13-Nov, Shree Hari Chemicals Export Ltd's stock price is currently at Rs 121.00, reflecting an increase of Rs 11.6 or 10.6%. The stock has shown strong performance recently, with a consecutive gain over the last two days, resulting in a total return of 13.83%. Despite opening with a loss of 4.02% today, it reached an intraday high of Rs 121.8, indicating volatility with a wide trading range of Rs 16.8. The stock has outperformed its sector by 11.57%, and over the past week, it has increased by 11.11%. However, there has been a notable decline in investor participation, with delivery volume falling by 64.13% compared to the 5-day average, which may indicate some caution among investors.
Broader market context shows that while Shree Hari Chemicals has experienced a significant rise in the short term, its year-to-date performance remains negative at -13.26%, contrasting with the Sensex's positive return of 8.11% during the same period. The stock's performance over the last month has been particularly strong, with a 32.18% increase compared to the Sensex's 2.61%. This suggests that while the stock is currently gaining momentum, it is still recovering from earlier losses and may be influenced by broader market trends and investor sentiment.