Why is Haria Apparels falling/rising?

As of 20-Oct, Haria Apparels Ltd's stock price is rising, currently at Rs. 6.47, reflecting an increase of Rs. 0.37 or 6.07%. The stock has recently hit a new 52-week high of Rs. 6.55 and has outperformed its sector by 6.21%. It has experienced consecutive gains over the last two days, resulting in a total return of 11.55% during this period. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong upward momentum. Notably, there has been a significant increase in investor participation, with delivery volume rising by 272.93% compared to the 5-day average, which suggests heightened interest in the stock.
In the broader market context, Haria Apparels has shown impressive short-term returns, with a 1-week increase of 9.85% compared to the Sensex's 2.47% rise, and a 1-month return of 13.71% against the Sensex's 2.10%. Year-to-date, the stock has gained 20.71%, significantly outperforming the Sensex's 7.97% increase. This strong performance relative to the benchmark indicates that investor sentiment is favorable towards Haria Apparels, contributing to its rising stock price. Overall, the combination of positive price movements, increased trading activity, and strong relative performance against the market supports the stock's upward trajectory.