Why is Hiliks Technolog falling/rising?

As of 09-Oct, Hiliks Technologies Ltd is experiencing a price increase, currently at Rs 79.39, which reflects a rise of Rs 6.94 or 9.58%. The stock has shown significant performance today, outperforming its sector by 8.98%. It reached an intraday high of Rs 79.69, indicating strong upward momentum, although it also faced a low of Rs 65.21 earlier in the day, showcasing high volatility with an intraday fluctuation of 9.99%. Over the past week, the stock has surged by 49.74%, and over the past month, it has increased by 50.67%, contrasting with a year-to-date decline of 31.29%. Despite this recent positive movement, there has been a decline in investor participation, with delivery volume dropping by 5.85% against the 5-day average.
Broader Market Context: In comparison to the benchmark Sensex, which has only increased by 1.47% over the past week, Hiliks Technologies has significantly outperformed the market, indicating strong investor interest in the stock. The stock's performance over the last three years shows an impressive increase of 859.98%, compared to the Sensex's 41.21%, highlighting its potential for growth despite the recent year-to-date decline. The liquidity of the stock remains adequate for trading, suggesting that while there are fluctuations, the overall market sentiment towards Hiliks Technologies is currently positive, contributing to its rising price.