Why is Hemant Surgical falling/rising?

As of 16-Sep, Hemant Surgical Industries Ltd's stock price is rising, currently at Rs. 352.90, reflecting an increase of Rs. 6.9 or 1.99%. The stock has reached a new 52-week and all-time high today, and it has been on a consecutive gain streak for the last nine days, accumulating a total return of 16.93% during this period. Additionally, the stock has outperformed its sector by 2.16%. It is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong upward momentum. Furthermore, investor participation has surged, with delivery volume increasing by 255.26% compared to the 5-day average, suggesting heightened interest in the stock.
In the broader market context, Hemant Surgical's performance over the past week shows a return of 10.14%, significantly outpacing the Sensex, which only gained 1.58% during the same period. Over the past month, the stock has risen by 39.38%, while the Sensex has only increased by 2.21%. Year-to-date, Hemant Surgical has achieved a remarkable return of 179.64%, compared to the Sensex's 5.43%. This strong performance relative to the benchmark indicates robust investor confidence and market demand for the stock, contributing to its rising price.