Why is Hemant Surgical falling/rising?

As of 07-Aug, Hemant Surgical Industries Ltd is experiencing a price increase, currently at Rs. 229.60, reflecting a rise of Rs. 4.5 or 2.0%. The stock has hit a new 52-week high today and has shown strong performance, gaining 14.8% over the last seven days. It opened with a 2% gain and has consistently traded at this price level. Additionally, the stock is outperforming its sector by 1.18% today and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Notably, there has been a significant increase in investor participation, with delivery volume rising by 646.75% against the 5-day average, indicating heightened interest in the stock.
In the broader market context, Hemant Surgical's performance stands in stark contrast to the benchmark Sensex, which has declined by 0.69% over the past week. The stock has shown impressive returns of 10.34% over the last week and an extraordinary 144.26% over the past month, while the Sensex has decreased by 3.38% in the same period. This divergence highlights the stock's strong upward momentum relative to the overall market, suggesting that investor sentiment remains positive towards Hemant Surgical despite broader market challenges.