Why is Hawkins Cookers falling/rising?

As of 26-Aug, Hawkins Cookers Ltd is experiencing a price increase, currently at 8,825.00, reflecting a rise of 177.3 or 2.05%. Today's performance indicates a positive trend, as the stock has outperformed its sector by 3.66% and has gained after two consecutive days of decline. The stock reached an intraday high of Rs 8,900, and its delivery volume has significantly increased, rising by 768.14% compared to the 5-day average. Despite a 6.42% decline over the past month, the stock has shown resilience with a 2.02% return over the last year, outperforming the Sensex, which has declined by 1.12% during the same period. The company benefits from high management efficiency, a low debt-to-equity ratio, and increasing participation from institutional investors, which collectively support its recent upward movement.
In the broader market context, the stock's short-term return of +1.09% over the past week contrasts with the Sensex, which has decreased by 1.05%. This indicates that Hawkins Cookers is performing well relative to the overall market. The stock's long-term performance is also notable, having outperformed the BSE500 over the last three years, one year, and three months. The increasing stake of institutional investors, who now hold 18.98% of the company, further suggests confidence in the stock's fundamentals, contributing to its current positive momentum.