Why is Hemant Surgical falling/rising?

As of 01-Aug, Hemant Surgical Industries Ltd is experiencing a price increase, with its current price at Rs 212.20, reflecting a rise of Rs 4.12 or 1.98%. The stock has shown strong performance recently, gaining 6.1% over the last three days and outperforming its sector by 2.53%. Additionally, it has significantly outperformed the benchmark Sensex over various periods, including a remarkable 126.95% increase over the past month, while the Sensex has declined by 3.70%. The stock is also trading above its moving averages, indicating a positive trend. However, there has been a notable decline in investor participation, with delivery volume dropping by 89.8% compared to the five-day average, which could raise concerns about sustainability in the stock's upward movement.
In the broader market context, Hemant Surgical's short-term performance stands in stark contrast to the Sensex, which has decreased by 1.06% over the past week. This divergence highlights the stock's strength relative to the overall market, particularly as it approaches its 52-week high, being only 1.32% away from Rs 215. While the stock's liquidity remains adequate for trading, the significant drop in delivery volume may suggest caution among investors. Overall, despite the recent gains and strong performance metrics, the falling investor participation could pose a risk to the stock's continued rise.