Why is Hamps Bio falling/rising?

As of 28-Jul, Hamps Bio Limited's stock price is currently at Rs 58.15, reflecting a decline of 6.46 points or 10.0%. The stock has experienced a trend reversal, falling after seven consecutive days of gains. Despite opening with an 8.34% increase today and reaching an intraday high of Rs 70, it has since dropped to its current price, indicating significant volatility with an intraday range of Rs 11.85. The stock's performance today has underperformed its sector by 10.08%. Over the past week, Hamps Bio has shown a remarkable return of 38.45%, while its one-month return stands at 49.10%. However, year-to-date, the stock is down 29.66%, contrasting sharply with the Sensex's 3.52% gain.
In the broader market context, Hamps Bio's recent short-term performance has significantly outpaced the Sensex, which has declined by 1.59% over the past week and 3.77% over the past month. This indicates that while the stock has been performing well in the short term, it is still facing challenges in the longer term, as evidenced by its year-to-date performance. The rising investor participation, with a notable increase in delivery volume, suggests a growing interest in the stock, although the current price movement reflects a correction after a period of gains. Overall, the combination of high volatility and a recent trend reversal has contributed to the stock's current decline.