Why is Happy Forgings falling/rising?

As of 10-Nov, Happy Forgings Ltd is experiencing a rise in its stock price, currently at 1,024.95, reflecting an increase of 12.5 or 1.23%. The stock has shown a positive performance today, gaining 3.73% over the last two days and reaching an intraday high of Rs 1,035. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 187.89% compared to the 5-day average. The company has reported positive financial results, including the highest operating cash flow and net sales in recent quarters, which likely contribute to the stock's upward movement. The low debt-to-equity ratio also suggests financial stability, supporting a bullish sentiment among investors.
In the broader market context, Happy Forgings has outperformed the Sensex in the short term, with a 1-week return of +1.56% compared to the benchmark's -0.53%. However, over the longer term, the stock has underperformed, with a year-to-date return of +2.85% versus the Sensex's +6.91%. Despite this, the recent positive performance and strong financial indicators may be attracting investor interest, contrasting with the broader market's recent struggles.