Why is Hercules Hoists falling/rising?

As of 08-Oct, Hercules Hoists Ltd is experiencing a significant rise in its stock price, currently at Rs 208.90, reflecting an increase of Rs 34.8 or 19.99%. The stock has shown strong performance today, outperforming its sector by 20.36% and has gained consecutively over the last two days, with a total return of 20.93% during this period. Additionally, the stock opened with a gain of 2.24% and reached an intraday high of Rs 208.90. It is noteworthy that Hercules Hoists is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bullish trend. Furthermore, there has been a notable increase in investor participation, with delivery volume rising by 67.44% against the 5-day average.
In the broader market context, Hercules Hoists has outperformed the Sensex, which only increased by 0.98% over the past week, while the stock itself rose by 23.32% in the same timeframe. This stark contrast highlights the stock's strong short-term performance relative to the benchmark. However, it is important to note that the stock has had a challenging year-to-date performance, down 4.59%, while the Sensex has gained 4.65%. Despite this, the recent upward momentum and increased trading activity suggest a positive shift in investor sentiment towards Hercules Hoists Ltd.