Why is Himatsing. Seide falling/rising?

As of 01-Jul, Himatsingka Seide Ltd's stock price is currently at 160.05, reflecting an increase of 6.1, or 3.96%. The stock has been gaining momentum, having outperformed its sector by 4.6% today and achieving a consecutive gain over the last two days with an overall return of 8.25% in this period. The stock has also touched an intraday high of Rs 161.25, and it is trading above all its moving averages, indicating strong upward momentum. Additionally, the company has recently reported positive quarterly results after three consecutive negative quarters, with a notable increase in profits and a favorable debt-equity ratio, contributing to a very attractive valuation compared to its peers.
In the broader market context, Himatsingka Seide's short-term return of 7.42% over the past week significantly outpaces the Sensex's return of 2.00% in the same period. While the stock has shown a year-to-date decline of 14.91%, its performance over the last year has been positive, with an 11.84% return, which is substantially higher than the Sensex's 5.31% return. This contrast suggests that despite some longer-term challenges, the recent positive developments and investor participation are driving the stock's current rise, reflecting a potential recovery phase in the company's performance.