Why is Shreenath Paper falling/rising?

As of 17-Sep, Shreenath Paper Products Ltd is experiencing a price increase, currently at Rs 23.50, which reflects a rise of 1.7 or 7.8%. The stock has shown strong performance today, outperforming its sector by 7.02% and has been on a consecutive gain streak for the last two days, accumulating a total return of 12.71% during this period. Additionally, the stock opened with a significant gap up of 9.95% and reached an intraday high of Rs 23.97. It is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. However, there has been a notable decline in investor participation, with delivery volume dropping by 71.43% against the 5-day average, indicating a potential concern for future trading activity.
In the broader market context, Shreenath Paper's short-term return of 7.31% over the past week significantly outpaces the Sensex, which has only increased by 1.56% during the same period. This strong performance relative to the benchmark suggests that the stock is gaining traction among investors despite the recent decline in delivery volume. While the stock has faced a slight downturn of 2.81% over the past month compared to the Sensex's 2.60% increase, its current upward momentum indicates a positive shift in market sentiment towards Shreenath Paper Products Ltd.