Why is High Energy Bat. falling/rising?

As of 13-Nov, High Energy Batteries (India) Ltd is experiencing a significant rise in its stock price, currently at 625.15, reflecting an increase of 63.85 or 11.38%. The stock opened with a gain of 3.65% today and reached an intraday high of Rs 628, indicating strong positive momentum. Over the past week, the stock has outperformed its sector by 11.75%, and its performance over the last three years shows an impressive increase of 86.50%, significantly outpacing the benchmark Sensex, which has risen by 36.71% in the same period. However, there is a noted decline in investor participation, with delivery volume falling by 7.02% against the 5-day average, which could indicate a potential concern for sustained upward movement.
Broader Market Context: In the short term, High Energy Batteries has outperformed the Sensex, which has only increased by 1.40% over the past week compared to the stock's 10.65% rise. This strong performance relative to the benchmark suggests that investor sentiment towards the company remains positive, despite the recent drop in delivery volumes. The stock's liquidity remains adequate for trading, which may support continued interest from investors. Overall, the combination of strong recent performance and favorable comparisons to the broader market contributes to the stock's rising price.