Why is Hawkins Cookers falling/rising?

As of 08-Jul, Hawkins Cookers Ltd is experiencing a price increase, currently at Rs 9,235.00, reflecting a rise of Rs 103.75 or 1.14%. The stock has shown strong performance recently, gaining 9.78% over the last four days and is just 1.3% away from its 52-week high of Rs 9,355.05. It has outperformed its sector by 1.94% today and is trading above all key moving averages, indicating a positive trend. Additionally, the stock has demonstrated impressive returns over various periods, including an 18.02% increase over the past month and a 17.94% increase over the past year. The company's high management efficiency, indicated by a return on equity (ROE) of 36.39%, and a low debt-to-equity ratio contribute positively to its valuation, despite trading at a premium compared to peers.
In the broader market context, Hawkins Cookers has significantly outperformed the Sensex, which has only increased by 0.02% over the past week, while Hawkins has surged by 9.29%. This strong relative performance highlights investor confidence in the stock, supported by rising participation evidenced by a 225.99% increase in delivery volume compared to the five-day average. The stock's ability to maintain a market-beating performance over the long term, along with its recent gains, suggests that investors are optimistic about its future prospects, despite the company’s relatively high PEG ratio of 10.7, which indicates that while the stock is fairly valued, it may be seen as expensive compared to its growth rate.