Why is Siddhika Coatins falling/rising?

As of 27-Jun, Siddhika Coatings Ltd is experiencing a price increase, with its current price at Rs. 219.20, reflecting a rise of 7.1 or 3.35%. The stock has reached a new 52-week high today and has outperformed its sector by 1.21%. Additionally, Siddhika Coatings has shown strong performance over various time frames, with a year-to-date return of 21.98% and a remarkable 384.96% increase over the past three years. However, there has been a notable decline in investor participation, as the delivery volume on 26 June fell by 28.57% compared to the five-day average, which may indicate some caution among investors despite the stock's positive price movement.
In the broader market context, Siddhika Coatings has significantly outperformed the Sensex, which has only increased by 2.09% over the past week, while Siddhika Coatings has surged by 17.22% in the same period. This substantial outperformance suggests strong investor confidence in the company relative to the overall market. The stock's consistent trading above its moving averages further supports its upward momentum, although the decline in delivery volume could be a concern for future trading activity. Overall, while the stock is rising, the decrease in investor participation may warrant close monitoring.