Why is Hiliks Technolog falling/rising?

As of 08-Oct, Hiliks Technologies Ltd is experiencing a decline in its stock price, currently at Rs 72.45, which represents a decrease of Rs 8.05 or 10.0%. Today's price summary indicates that the stock opened with a gain of 3.09% but has since fallen significantly, reaching an intraday low of Rs 72.45. This decline follows a trend reversal after four consecutive days of gains. Despite the drop, the stock has shown strong performance over the past week and month, with returns of +36.65% and +29.38%, respectively. However, it has underperformed its sector by 9.46% today, and the trading has been characterized by high volatility, with an intraday volatility of 6.78%. Additionally, the stock is trading above all key moving averages, and there has been a notable increase in investor participation, with delivery volume rising by 359.42% against the 5-day average.
In the broader market context, while Hiliks Technologies has shown impressive long-term returns, such as +776.06% over three years, its year-to-date performance is significantly negative at -37.30%, contrasting with the Sensex's positive return of +4.65% in the same period. The stock's recent volatility and sharp decline today may reflect a correction after its previous gains, alongside broader market conditions that have not favored its sector. The stock's ability to maintain liquidity suggests that while it is facing short-term challenges, it remains a viable option for trading.