Why is Hemisphere Prop falling/rising?

As of 22-Sep, Hemisphere Properties India Ltd is experiencing a price increase, currently at Rs 175.10, reflecting a rise of Rs 4.8 or 2.82%. The stock has been gaining for the last two days, with a total increase of 3% during this period. It outperformed its sector by 2.89% today and reached an intraday high of Rs 178.5, which is a 4.82% increase. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The recent performance over the past week shows a return of 1.92%, while the one-month return is significantly higher at 27.90%. Notably, there has been a rise in investor participation, with delivery volume increasing by 25.47% compared to the 5-day average.
In the broader market context, Hemisphere Properties has outperformed the Sensex, which has only increased by 0.46% over the past week. The stock's year-to-date return is slightly lagging at 0.26% compared to the Sensex's 5.15%, but its three-year return of 74.40% significantly exceeds the Sensex's 38.97%. This strong performance over a longer period indicates a positive trend despite a slight decline over the past year. The liquidity of the stock remains adequate, with trading volume sufficient for a trade size of Rs 0.23 crore, suggesting that investor confidence is contributing to the stock's upward movement.