Why is HCP Plastene falling/rising?

As of 10-Jun, HCP Plastene Bulkpack Ltd's stock price is currently at Rs 175.50, reflecting an increase of Rs 6.25, or 3.69%. The stock has shown strong performance recently, gaining 12.68% over the last three days and outperforming its sector by 3.84% today. It opened with a gain of 2.22% and reached an intraday high of Rs 177. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. The company has reported outstanding results with a significant growth in net profit of 379.09% and has declared positive results for the last four consecutive quarters. Additionally, it has a high return on capital employed (ROCE) of 44.65%, which contributes to its attractive valuation compared to peers.
In the broader market context, HCP Plastene's short-term return of 5.00% over the past week significantly outpaces the Sensex's return of 2.05% during the same period. Year-to-date, the stock has risen by 14.71%, while the Sensex has increased by 5.44%, further highlighting its strong performance relative to the market. Despite a technical trend that is sideways, which suggests no clear price momentum, the stock's recent gains are supported by rising investor participation and liquidity, with delivery volume increasing by 76.37% against the 5-day average. Overall, the combination of strong financial results, efficient management, and favorable market conditions has contributed to the stock's upward movement.