Why is Hemant Surgical falling/rising?

As of 12-Nov, Hemant Surgical Industries Ltd is experiencing a price increase, currently at Rs 296.00, which reflects a rise of Rs 6.0 or 2.07%. The stock has shown a positive trend recently, gaining for three consecutive days with a total return of 5.87% during this period. Despite touching an intraday low of Rs 275.5, the stock reached a high of Rs 296 today. Over the past week, it has outperformed the sector by 2.48%. However, it is important to note that the delivery volume has decreased significantly by 52.1% compared to the five-day average, indicating a potential decline in investor participation. The stock's performance over the year has been strong, with a year-to-date return of 134.55%, significantly outpacing the Sensex's 8.10%.
In the broader market context, Hemant Surgical's short-term performance has been favorable compared to the benchmark, with a 1-week return of 2.07% versus the Sensex's 1.21%. This suggests that the stock is gaining traction relative to the overall market. However, the stock's performance over the past month shows a decline of 4.16%, contrasting with the Sensex's increase of 2.38%, indicating some volatility. The stock's moving averages indicate it is performing better than several longer-term averages, although it remains below the 50-day moving average, which could suggest mixed signals for investors. Overall, while the stock is currently rising, the drop in delivery volume and mixed moving average performance may warrant caution among investors.