Why is Shivam Chemicals falling/rising?

As of 24-Sep, Shivam Chemicals Ltd is experiencing a price increase, currently at Rs. 75.00, which reflects a rise of Rs. 3.39 or 4.73%. The stock has hit a new 52-week and all-time high of Rs. 79 today, demonstrating strong performance with a 27.12% return over the last three days. Additionally, it has outperformed its sector by 5.22% today. The stock has shown impressive returns over various periods, including a 29.31% increase over the past month and a 47.09% increase year-to-date, indicating robust investor interest and confidence. Notably, there has been a significant rise in delivery volume, which increased by 2122.22% compared to the five-day average, suggesting heightened investor participation. Unfortunately, there is no information available regarding positive or negative factors that could further explain the stock's recent movement.
Broader market context indicates that while Shivam Chemicals has been rising significantly, the benchmark Sensex has seen a decline of 1.18% over the past week and a modest gain of 0.50% over the past month. This stark contrast highlights the stock's strong performance relative to the broader market, particularly as it has achieved substantial gains while the benchmark has struggled. The stock's ability to maintain trading above its moving averages further supports its upward trajectory, indicating a strong bullish sentiment among investors despite the overall market conditions.