Why is Hawkins Cookers falling/rising?

As of 07-Jul, Hawkins Cookers Ltd is experiencing a price increase, currently at Rs 9,131.25, reflecting a rise of Rs 392.55 or 4.49%. The stock has recently hit a new 52-week and all-time high of Rs 9,355.05, and it has outperformed its sector by 4.26%. Over the last three days, the stock has gained 8.55%, and it opened today with a gain of 2.13%. Additionally, Hawkins Cookers has shown strong performance over various periods, with a 16.69% increase over the past month and a 16.22% increase over the past year, indicating robust returns compared to the broader market. The company also demonstrates high management efficiency with a return on equity (ROE) of 36.39% and a low debt-to-equity ratio, contributing positively to investor sentiment.
In the broader market context, Hawkins Cookers has significantly outperformed the Sensex, which has seen a slight decline of 0.20% over the past week, while Hawkins Cookers has risen by 7.73%. This contrast highlights the stock's strong market position and investor confidence, especially given its market-beating performance over the long term. However, it is worth noting that there has been a decrease in investor participation, with delivery volume falling by 16.29% against the five-day average. Despite this, the stock remains liquid enough for trading, and its consistent performance suggests that investors are optimistic about its future prospects.