Why is Harish Textile falling/rising?

As of 14-Nov, Harish Textile Engineers Ltd is experiencing a price increase, currently at Rs 63.05, which reflects a rise of Rs 4.13 or 7.01%. The stock has shown a strong performance today, outperforming its sector by 6.88% and reaching an intraday high of Rs 68.98, representing a 17.07% increase. However, despite this positive movement, the stock has been highly volatile, with an intraday volatility of 8.2%. Over the past week, the stock has gained 5.08%, while its one-month return stands at 5.63%. In contrast, the year-to-date performance shows a decline of 24.76%, indicating a challenging longer-term trend. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 30.61% compared to the five-day average, which may impact future price stability.
In the broader market context, Harish Textile's recent short-term performance has significantly outpaced the benchmark Sensex, which has only increased by 1.62% over the past week. This indicates that the stock is currently gaining traction relative to the market. However, the year-to-date performance of Harish Textile is markedly negative compared to the Sensex, which has risen by 8.22%. This divergence highlights the stock's struggles over a longer horizon, despite its recent gains. Overall, while the stock is rising today, the broader context suggests ongoing challenges that investors should consider.