Why is SMS Lifesciences falling/rising?

As of 03-Nov, SMS Lifesciences India Ltd is currently priced at Rs 1,212.00, reflecting an increase of Rs 12.2 or 1.02%. The stock has been on an upward trend, gaining for the last three days and achieving a total return of 5.94% during this period. Despite today's performance showing a slight underperformance against its sector by 0.28%, the stock opened with a gain of 2.51% and reached an intraday high of Rs 1,229.9. It is noteworthy that SMS Lifesciences is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward momentum. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 155.67% compared to the 5-day average, suggesting growing interest in the stock.
In the broader market context, SMS Lifesciences has outperformed the Sensex over the past week, with a return of 10.02% compared to the benchmark's decline of 0.94%. However, over the longer term, the stock has underperformed the Sensex year-to-date and over the past year, with returns of 0.83% and -14.43%, respectively, while the Sensex has gained 7.47% and 5.34%. This mixed performance indicates that while the stock is currently experiencing a positive short-term trend, it has faced challenges in the longer term relative to the broader market.