Why is Sudarshan Chem falling/rising?

As of 08-Aug, Sudarshan Chemical Industries Ltd is experiencing a slight decline in its stock price, currently at Rs 1,447.25, which reflects a decrease of Rs 5.45 or 0.38%. Despite this minor drop, the stock has shown strong performance over the past week, with a return of 2.41%, and an impressive 18.64% increase over the past month. Additionally, it is trading above all its moving averages, indicating a generally positive trend. However, there has been a notable decline in investor participation, with delivery volume falling by 46.98% compared to the five-day average, which may be contributing to the current price movement. The stock is also close to its 52-week high, just 2.47% away from Rs 1,483.
In the broader market context, while Sudarshan Chemical has outperformed the Sensex in various time frames, including a year-to-date return of 28.42% compared to the Sensex's 2.20%, the recent decline in delivery volume suggests a potential weakening of investor interest. This could be a factor in the stock's current price movement, despite its strong historical performance. The overall market sentiment appears to be mixed, as the Sensex has declined by 0.92% over the past week, contrasting with Sudarshan's positive short-term return, which may indicate that the stock is facing some headwinds despite its strong fundamentals.