Why is Hemang Resources falling/rising?

As of 17-Oct, Hemang Resources Ltd is experiencing a price increase, currently at Rs 22.50, which represents a rise of 1.15 or 5.39%. The stock has shown a trend reversal by gaining after four consecutive days of decline. It opened with a gain of 2.01% today and reached an intraday high of Rs 22.50. Additionally, the stock has outperformed its sector by 5.41%. Despite a year-to-date decline of 26.92% and a significant drop over the last three years of 48.57%, the recent increase in delivery volume by 81.91% against the five-day average indicates rising investor participation, which may be contributing to the stock's upward movement.
In the broader market context, the stock's short-term performance over the past week shows a decline of 1.75%, while the benchmark Sensex has increased by 1.76%. This indicates that while Hemang Resources is currently rising, it has underperformed relative to the benchmark in the short term. However, the stock's performance over the past month shows a slight gain of 0.45%, which is still lower than the Sensex's 1.52% increase. Overall, the recent positive momentum in Hemang Resources may be attributed to increased trading activity and a reversal from previous declines, despite its longer-term underperformance compared to the broader market.