Why is Solara Active PP falling/rising?

As of 25-Jun, Solara Active Pharma Sciences Ltd Partly Paidup is experiencing a significant rise in its stock price, currently at Rs 450.00, reflecting an increase of Rs 49.85 or 12.46%. The stock has shown strong performance today, outperforming its sector by 11.41% and opening with a gain of 2.46%. It reached an intraday high of Rs 450 and has traded within a wide range of Rs 49.2. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. However, there has been a notable decline in investor participation, with delivery volume falling by 68.05% compared to the 5-day average, which could suggest a potential concern for sustained momentum.
In the broader market context, the stock's performance over the past week shows a return of 19.57%, significantly outperforming the Sensex, which only increased by 1.61%. Year-to-date, Solara Active PP has gained 8.17%, while the Sensex has risen by 5.91%. This strong short-term performance relative to the benchmark indicates positive investor sentiment towards Solara Active PP, despite the recent drop in delivery volume. The high volatility observed today, with an intraday volatility of 5.78%, further emphasizes the dynamic trading environment surrounding the stock.