Why is HEG falling/rising?

As of 30-Jul, HEG Ltd's stock price is currently at 533.80, reflecting an increase of 7.8 points or 1.48%. The stock has shown a positive trend recently, gaining 3.81% over the last three days, despite opening lower today with a loss of 2.07%. It reached an intraday high of Rs 539, indicating some volatility within the trading session. In terms of performance against benchmarks, HEG has outperformed the BSE500 over the last year, with a return of 21.43%, while also showing strong long-term performance with a 126.97% increase over three years. The company's low debt-to-equity ratio and strong operating profit metrics further support its positive outlook.
In the broader market context, HEG's short-term performance of -1.51% over the past week is slightly worse than the Sensex, which declined by 1.50%. However, the stock's ability to outperform the sector today by 0.41% suggests resilience amidst broader market fluctuations. The decline in investor participation, with a 30.98% drop in delivery volume, may indicate some caution among traders, but the overall liquidity remains adequate for trading. Despite these challenges, the stock's consistent performance and strong fundamentals position it favorably in the market.