Why is Hemant Surgical falling/rising?

As of 08-Sep, Hemant Surgical Industries Ltd is experiencing a price increase, with its current price at Rs. 314.15, reflecting a rise of 6.15 (2.0%). The stock has reached a new 52-week and all-time high today, demonstrating strong performance by outperforming its sector by 2.32%. It has shown consistent gains over the last three days, accumulating a total return of 4.09% during this period. Additionally, the stock's performance over various time frames has been impressive, with a year-to-date increase of 148.93% and a one-year return of 88.11%. However, it is important to note that there has been a significant decline in investor participation, with delivery volume dropping by 58.25% against the five-day average, which could impact future price movements.
In the broader market context, Hemant Surgical's short-term performance has significantly outpaced the benchmark, with a one-week return of 5.49% compared to the Sensex's 0.53%. This strong relative performance indicates that investor sentiment towards Hemant Surgical is positive, contributing to its rising stock price. The stock's ability to trade above its moving averages further supports its upward trajectory. Despite the decline in delivery volume, the overall liquidity remains sufficient for trading, suggesting that the stock's rise is driven by strong demand and positive market sentiment rather than a lack of investor interest.