Why is Hawkins Cookers falling/rising?

As of 18-Sep, Hawkins Cookers Ltd's stock price is currently at 8,935.10, reflecting a slight increase of 10.1 (0.11%). The stock has been gaining for the last two days, with a total return of 0.39% during this period. Despite this recent uptick, the stock has underperformed in the short term, with a 1-week return of -0.99% compared to the Sensex's gain of +1.80%. The stock is trading at a premium relative to its peers, and while it has a high return on equity (ROE) of 36.39% and a low debt-to-equity ratio, it is experiencing a decline in investor participation, as evidenced by a significant drop in delivery volume. Additionally, institutional investors have increased their stake, indicating a positive outlook from more experienced market participants.
Broader Market Context: In the context of the broader market, Hawkins Cookers' performance has been less favorable compared to the Sensex, which has shown a 1-month return of +2.14% against the stock's +1.36%. This underperformance over various time frames, including a year-to-date decline of -1.70% versus the Sensex's +6.24%, suggests that while there are positive factors such as management efficiency and institutional interest, the stock is struggling to keep pace with the overall market trends. The recent gains may not be sufficient to offset the longer-term underperformance, highlighting a cautious sentiment among investors.