Why is Hawkins Cookers falling/rising?

As of 10-Jul, Hawkins Cookers Ltd is experiencing a price increase, currently at Rs 9,210.00, reflecting a rise of 21.0 points or 0.23%. The stock has shown strong performance recently, with a 7.22% increase over the past week and a 15.49% increase over the past month, significantly outperforming the Sensex, which has seen a slight decline of 0.06% in the same week. Additionally, Hawkins Cookers is trading close to its 52-week high, just 1.57% away from Rs 9,355.05, and is above all its moving averages, indicating a positive trend. However, there has been a decline in investor participation, with delivery volume falling by 19.69% against the 5-day average. The company boasts high management efficiency with a return on equity (ROE) of 36.39% and a low debt-to-equity ratio, contributing to its favorable valuation despite trading at a premium compared to peers.
In the broader market context, Hawkins Cookers has outperformed the benchmark indices over various periods, including a 16.49% return over the past year compared to the Sensex's 4.09%. This strong performance is indicative of the company's market-beating capabilities in both the long and short term. The stock's ability to generate returns while maintaining a fair valuation, as evidenced by its PEG ratio of 10.7, further supports its upward price movement. Overall, the combination of solid financial metrics, recent price performance, and relative strength against the benchmark suggests a positive outlook for Hawkins Cookers Ltd.