Why is Hemant Surgical falling/rising?

As of 31-Jul, Hemant Surgical Industries Ltd is experiencing a rise in its stock price, currently at Rs 208.08, reflecting an increase of Rs 4.08 or 2.0%. The stock has shown strong performance recently, with a notable gain of 122.55% over the past month, significantly outperforming the Sensex, which declined by 3.00% in the same period. Additionally, the stock has been gaining for the last two days, with a total increase of 4.04% during this time. It opened with a gain of 2% today and is trading above all key moving averages, indicating positive momentum. However, there has been a decline in investor participation, as the delivery volume has fallen by 38.22% compared to the five-day average, which may suggest some caution among investors.
In the broader market context, while Hemant Surgical has outperformed the Sensex in the short term, with a 1W return of -1.85% compared to the Sensex's -1.22%, it has shown a robust year-to-date return of 64.88% against the Sensex's 3.90%. This indicates that despite some recent volatility, Hemant Surgical's stock is gaining traction relative to the overall market. The stock is also close to its 52-week high, just 3.33% away, which may attract further investor interest. Overall, the combination of strong recent performance and positive technical indicators supports the upward movement of Hemant Surgical's stock price.