Why is Three M Paper falling/rising?

As of 27-Jun, Three M Paper Boards Ltd is experiencing a price increase, currently at Rs 51.61, reflecting a rise of 1.01 or 2.0%. The stock has shown strong performance recently, gaining 34.93% over the last nine days and outperforming its sector by 1.49% today. It opened with a 2% gain and has consistently traded at this price level. Additionally, the stock's returns over the past week and month are impressive, with increases of 13.63% and 32.33%, respectively. However, there has been a notable decline in investor participation, with delivery volume dropping by 45.95% against the five-day average, which may indicate a potential concern regarding sustained interest in the stock.
Broader Market Context: In comparison to the benchmark Sensex, which has risen by 2.00% over the past week and 3.07% over the past month, Three M Paper's short-term performance significantly exceeds these figures. The stock's year-to-date performance shows a decline of 21.21%, contrasting with the Sensex's gain of 7.58%, suggesting that while the stock is currently on an upward trend, it has faced challenges earlier in the year. Overall, the recent positive momentum in the stock price is supported by strong short-term gains, despite the drop in trading volume, which could affect future performance.