Why is Hawkins Cookers falling/rising?

As of 25-Jul, Hawkins Cookers Ltd is experiencing a slight increase in its stock price, currently at Rs 9,429.95, reflecting a change of 8.45 (0.09%) upward. The stock has shown a performance of +16.87% over the past month, significantly outperforming the Sensex, which declined by 1.56% in the same period. Despite a recent trend reversal after five consecutive days of decline, the stock remains close to its 52-week high, just 4.98% away. However, there has been a noted decrease in investor participation, with delivery volume falling by 2.72% against the five-day average. The company boasts high management efficiency with a return on equity (ROE) of 36.39% and a low debt-to-equity ratio, indicating a solid financial position. Additionally, institutional investors have increased their stake, which may contribute positively to the stock's performance.
In the broader market context, Hawkins Cookers has outperformed the benchmark indices over various time frames, including a 6.11% return over the past year compared to the Sensex's 1.78%. This strong performance is further supported by the stock's ability to generate returns that exceed those of the BSE500 over the last three years, one year, and three months. While the stock's recent increase is modest, the overall trend indicates a positive outlook, particularly with increasing institutional interest and a strong financial profile. However, the decline in delivery volume suggests that retail investor participation may be waning, which could impact future price movements.