Why is Hawkins Cookers falling/rising?

As of 17-Jul, Hawkins Cookers Ltd is experiencing a price increase, with its current price at Rs 9,670.05, reflecting a rise of 22.05 (0.23%). The stock opened with a gain of 2.3% today and reached an intraday high of Rs 9,869.95. Over the past week, Hawkins Cookers has shown a strong performance, gaining 5.00%, and it has outperformed the benchmark Sensex, which declined by 1.12%. The stock is currently trading close to its 52-week high, just 2.38% away, and it is above all its moving averages, indicating a positive trend. However, there has been a notable decrease in investor participation, with delivery volume falling by 38.07% 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 fair valuation despite trading at a premium compared to peers.
In the broader market context, Hawkins Cookers has outperformed the Sensex in both the short term and long term, with a year-to-date return of 6.38% compared to the Sensex's 5.27%. This strong performance is supported by the stock's impressive returns over various periods, including a 24.29% increase over the past month and an 87.44% rise over the last three years. Despite the recent underperformance against its sector by 0.74%, the overall market-beating performance and the company's solid fundamentals suggest that the stock's upward movement is likely driven by investor confidence in its long-term growth potential.