Why is Yash Chemex falling/rising?

As of 31-Oct, Yash Chemex Ltd's stock price is currently at Rs 105.00, reflecting an increase of Rs 2.33 or 2.27%. The stock has shown a positive performance today, having outperformed its sector by 1.37% and gaining for the last two days with a total return of 2.92%. Despite opening with a loss of 2.11%, it reached an intraday high of Rs 107.4, which is 4.61% higher than its previous close. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. However, there has been a notable decline in investor participation, with delivery volume dropping by 69.75% compared to the 5-day average, indicating a potential concern regarding sustained interest in the stock.
In the broader market context, Yash Chemex has outperformed the Sensex over the past week, with a return of 1.54% compared to the benchmark's decline of 0.32%. Over the past month, the stock has also shown a strong performance with a return of 5.26%, while the Sensex gained 3.65%. Year-to-date, Yash Chemex has significantly outperformed the benchmark, with a remarkable return of 105.84% against the Sensex's 7.42%. This strong relative performance suggests that despite some short-term volatility and declining investor participation, the stock's overall upward trajectory remains robust compared to the broader market.