Why is Shivam Chemicals falling/rising?

As of 01-Aug, Shivam Chemicals Ltd is experiencing a price increase, currently at Rs 65.00, which reflects a rise of Rs 5.0 or 8.33%. The stock has shown strong performance, with a 1-week return of +4.84% and a 1-month return of +14.04%, significantly outperforming the Sensex, which has declined by -1.06% and -3.70% respectively during the same periods. Today's trading activity indicates that the stock outperformed its sector by 10.29%, and it reached an intraday high of Rs 66.2. However, there has been erratic trading, with the stock not trading on 4 out of the last 20 days, and a notable decrease in delivery volume by -87.5% on July 29 compared to the 5-day average. Despite these fluctuations, Shivam Chemicals is trading above its moving averages, suggesting a positive trend.
In the broader market context, Shivam Chemicals has demonstrated resilience compared to the benchmark, as evidenced by its year-to-date return of +27.48% against the Sensex's +3.15%. This strong performance highlights the stock's ability to attract investor interest despite the overall market challenges. The liquidity of the stock remains adequate for trading, although the falling investor participation could pose a risk if it continues. Overall, the combination of strong returns, positive trading indicators, and relative outperformance against the benchmark contributes to the stock's rising price.