Why is Hemant Surgical falling/rising?

As of 18-Jul, Hemant Surgical Industries Ltd is currently priced at 181.09, reflecting an increase of 2.27, or 1.27%. Despite opening the day with a loss of 4.93% and touching an intraday low of Rs 170.01, the stock has shown resilience by outperforming its sector by 1.81%. Over the past week, the stock has surged by 25.10%, and over the last month, it has gained an impressive 88.64%. However, it is important to note that investor participation has declined, with delivery volume dropping by 64.5% compared to the 5-day average, which may indicate a lack of sustained interest. The stock is currently trading above its moving averages across various time frames, suggesting a positive trend in the short term.
In the broader market context, Hemant Surgical's recent performance stands in stark contrast to the Sensex, which has declined by 0.90% over the past week. The stock's year-to-date return of 43.49% significantly outpaces the Sensex's 4.63% gain, highlighting its strong relative performance. Despite a negative return of 8.05% over the past year, the recent short-term gains suggest a recovery phase. The liquidity of the stock remains adequate for trading, which may support its price stability moving forward. Overall, while the stock has faced some challenges today, its recent strong performance and relative outperformance against the benchmark indicate a positive sentiment among investors.