Why is Hariyana Ship falling/rising?

As of 04-Sep, Hariyana Ship Breakers Ltd is experiencing a price increase, currently at Rs 113.30, which reflects a rise of Rs 2.2 or 1.98%. The stock opened with a gain of 2.03% today and reached an intraday high of Rs 113.95, indicating positive momentum. Additionally, the stock has outperformed its sector by 1.58%. Over the past week, it has shown a return of +3.00%, while the one-month return stands at +1.07%. However, it is important to note that the year-to-date return is down by 10.54%, and the one-year return has decreased by 21.26%. The stock is currently trading above its 5-day and 20-day moving averages but below its longer-term moving averages. Rising investor participation is evident, with a delivery volume increase of 3.71% compared to the 5-day average.
In the broader market context, the Sensex has shown a modest gain of 0.80% over the past week, while Hariyana Ship Breakers Ltd has significantly outperformed this benchmark. The stock's positive short-term performance contrasts with its year-to-date decline, suggesting that recent investor interest may be driven by short-term trading dynamics rather than long-term fundamentals. The liquidity of the stock appears adequate for trading, which may also contribute to its recent upward movement. Overall, while the stock has seen a positive shift in the short term, its longer-term performance remains a concern.