Why is Siddhika Coatins falling/rising?

As of 09-Sep, Siddhika Coatings Ltd is experiencing a price increase, currently at 200.50, reflecting a rise of 9.45 or 4.95%. The stock has shown strong performance today, outperforming its sector by 4.84%. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating positive momentum. Additionally, there has been a significant increase in investor participation, with delivery volume on September 4 rising by 233.33% compared to the 5-day average. The stock has also demonstrated solid returns over various periods, including a 1-week increase of 5.53% and a year-to-date rise of 11.57%, which further supports its upward movement.
In the broader market context, Siddhika Coatings has outperformed the Sensex in the short term, with a 1-week return of 5.53% compared to the benchmark's 1.18%. This strong performance relative to the market indicates positive investor sentiment towards the stock. While the stock has had a slight decline of 4.07% over the past month, its impressive year-over-year growth of 43.21% and a remarkable 252.22% increase over the last three years highlight its long-term strength. Overall, the combination of strong short-term performance, rising investor interest, and favorable comparisons to the benchmark contributes to the stock's current upward trajectory.