Why is Hawkins Cookers falling/rising?

As of 11-Jul, Hawkins Cookers Ltd is experiencing a price increase, currently valued at Rs. 9,275.00, reflecting a rise of 65.0 points or 0.71%. The stock has shown strong performance recently, gaining 6.14% over the past week and 17.56% over the past month, significantly outperforming the Sensex, which has declined by 1.12% and remained flat over the same periods. Today's trading activity has been robust, with the stock reaching a new 52-week high of Rs. 9,413 and demonstrating consistent gains over the last two days. The stock is trading above all key moving averages, indicating a strong upward trend. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 30.54% compared to the five-day average. The company also boasts a high 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 significantly, with a year-to-date return of 2.04% compared to the Sensex's 5.58%. However, the stock's performance over the last year, with a return of 13.59%, has still surpassed the Sensex's 3.26% increase. This strong relative performance, combined with the company's solid fundamentals and efficient management, has likely contributed to the positive sentiment surrounding the stock, leading to its recent price rise.