Why is Sudarshan Chem falling/rising?

As of 09-Jun, Sudarshan Chemical Industries Ltd is experiencing a significant rise in its stock price, currently at Rs 1,283.25, reflecting an increase of Rs 112.25 or 9.59%. The stock has reached a new 52-week and all-time high of Rs 1,298 today, outperforming its sector by 5.36%. Over the past week, the stock has shown a robust performance with a 10.62% increase, and it has generated impressive returns of 61.99% over the past year. The technical indicators suggest a bullish trend, supported by positive movements in key metrics such as MACD and Bollinger Bands. However, there has been a notable decline in investor participation, with delivery volume dropping significantly compared to the 5-day average.
In the broader market context, Sudarshan Chemical's short-term performance has outpaced the benchmark Sensex, which only increased by 1.32% over the same week. The stock's strong returns over various periods, including a 24.84% rise in the last month and a remarkable 185.23% increase over three years, highlight its market-beating performance. As the largest company in its sector, constituting 38.89% of the industry, Sudarshan Chemical's solid fundamentals and market position contribute to its rising stock price, despite the recent drop in trading volume indicating a potential concern for liquidity.