Why is Sudarshan Chem falling/rising?

As of 07-Aug, Sudarshan Chemical Industries Ltd is experiencing a slight increase in its stock price, currently at Rs 1,452.70, reflecting a change of 4.4 points or 0.3% upward. The stock has shown strong performance recently, with a 1-week return of +1.16% and a notable 1-month return of +17.71%, significantly outperforming the Sensex, which has declined by 0.69% and 3.38% respectively over the same periods. Additionally, the stock is trading above all its moving averages, indicating a positive trend, and is close to its 52-week high, just 2.09% away. However, there has been a decline in investor participation, with delivery volume dropping by 55.29% compared to the 5-day average, which may raise concerns about the sustainability of this upward movement.
In the broader market context, Sudarshan Chemical's recent performance contrasts sharply with the Sensex, which has shown a year-to-date increase of only 3.18%. This suggests that while the overall market may be facing challenges, Sudarshan Chemical is managing to attract investor interest and deliver strong returns, particularly over the longer term with a 3-year return of +199.34% compared to the Sensex's +38.08%. The stock's ability to outperform its sector by 0.59% today further emphasizes its relative strength in the market, despite the noted decrease in trading volume.