Why is Hamps Bio falling/rising?

As of 05-Sep, Hamps Bio Limited's stock price is currently at 60.00, reflecting an increase of 1.16, or 1.97%. The stock has been on an upward trend, gaining for the last seven days and achieving a total return of 14.74% during this period. It has also outperformed its sector by 2.04% today. Additionally, Hamps Bio is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong bullish momentum. However, there has been a decline in investor participation, with delivery volume dropping by 16.67% compared to the 5-day average, which could suggest some caution among investors despite the recent price gains.
In the broader market context, Hamps Bio's short-term performance has significantly outpaced the Sensex, which only increased by 1.13% over the past week. Over the last month, Hamps Bio has risen by 14.59%, while the Sensex remained flat with a 0.00% change. Despite these positive short-term returns, the year-to-date performance of Hamps Bio shows a decline of 27.42%, contrasting with the Sensex's increase of 3.29%. This disparity highlights the stock's volatility and potential challenges it faces in regaining investor confidence in the longer term.