Why is Hawkins Cookers falling/rising?

As of 15-Sep, Hawkins Cookers Ltd is currently priced at 8,989.65, reflecting a slight increase of 1.65 (0.02%). The stock has shown a trend reversal, gaining after two consecutive days of decline, although it has traded within a narrow range of Rs 88. In terms of performance, the stock has experienced a 1.02% return over the past year, which is modest compared to the benchmark Sensex's performance of -1.33% during the same period. Despite a recent drop in investor participation, with delivery volume decreasing by 39.17% against the 5-day average, the company maintains high management efficiency with a return on equity (ROE) of 36.39% and a low debt-to-equity ratio, which supports its valuation.
Broader Market Context: In the short term, Hawkins Cookers has underperformed compared to the Sensex, which has gained 1.24% over the past week, while the stock has declined by 1.16%. However, the stock has outperformed the broader market over longer periods, including a 52.70% increase over the last three years compared to the Sensex's 36.46%. The recent increase in institutional investor participation, with a 0.7% rise in their stake, indicates growing confidence in the company's fundamentals, which may contribute positively to the stock's future performance despite current fluctuations.