Why is Hemant Surgical falling/rising?

As of 11-Jul, Hemant Surgical Industries Ltd is experiencing a significant rise in its stock price, currently at Rs 144.76, reflecting an increase of Rs 24.12 or 19.99%. The stock has shown strong performance today, outperforming its sector by 20.99% and has been on a consecutive gain streak for the last four days, accumulating a total return of 54% during this period. It opened with a gain of 2.04% and reached an intraday high of Rs 144.76. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. The delivery volume has also seen a substantial increase of 119.86% against the 5-day average, suggesting rising investor participation, while the stock's liquidity remains adequate for trading.
In the broader market context, Hemant Surgical's short-term performance has been notably strong compared to the benchmark Sensex, which has seen a decline of 1.12% over the past week, while the stock itself has surged by 51.44% in the same timeframe. This stark contrast highlights the stock's resilience and appeal amidst a generally unfavorable market environment. The stock's high volatility, with an intraday volatility of 9.09%, indicates active trading and investor interest, further supporting its upward movement. Overall, the combination of strong stock-specific factors and a favorable comparison to the broader market contributes to the observed rise in Hemant Surgical's stock price.