Why is Sri Chakra Cem. falling/rising?

As of 24-Sep, Sri Chakra Cement Ltd's stock price is rising, currently at Rs 83.13, reflecting an increase of 3.95 or 4.99%. The stock has shown significant momentum, gaining 27.6% over the past week and outperforming its sector by 6.01% today. It opened with a gain of 4.99% and reached an intraday high of Rs 83.13. However, it also experienced a low of Rs 75.31 during the day, indicating some volatility. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which suggests a strong upward trend. Despite this positive movement, there has been a decline in investor participation, with delivery volume falling by 30.82% against the 5-day average.
In the broader market context, Sri Chakra Cement's short-term performance has significantly outpaced the benchmark Sensex, which has seen a decline of 1.18% over the past week. While the stock has delivered a remarkable year-to-date return of 2419.09%, the Sensex has only increased by 4.58% in the same timeframe. This stark contrast highlights the stock's strong performance relative to the overall market, contributing to its rising price. The liquidity of the stock remains adequate for trading, further supporting its upward movement despite the recent drop in delivery volume.