Why is Hind Rectifiers falling/rising?

As of 08-Jul, Hind Rectifiers Ltd is experiencing a price increase, currently valued at 1,350.00, reflecting a rise of 27.3 or 2.06%. The stock has shown strong performance today, outperforming its sector by 1.82% and achieving a consecutive gain over the last three days with a total return of 4.08%. It reached an intraday high of Rs 1369.35, and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, the stock has demonstrated significant investor interest, with delivery volume increasing by 146.08% compared to the 5-day average. The company has also reported positive financial results over the last ten consecutive quarters, including substantial growth in profit before tax and net sales, which has contributed to the stock's upward momentum.
In the broader market context, Hind Rectifiers has outperformed the benchmark Sensex in the short term, with a 1-week return of 4.14% compared to the Sensex's minimal increase of 0.02%. Over the past month, the stock has also outperformed the benchmark, returning 4.44% against the Sensex's 1.85%. Despite a year-to-date decline of 2.88%, the stock has shown remarkable long-term performance, with an 80.64% increase over the past year and a staggering 643.19% rise over the last three years. This consistent outperformance relative to the broader market reinforces investor confidence and supports the stock's recent price increase.