Why is Hind Rectifiers falling/rising?

As of 24-Jul, Hind Rectifiers Ltd's stock price is rising, currently at Rs 1,344.90, reflecting an increase of Rs 32.8 or 2.5%. The stock has shown a positive trend today, outperforming its sector by 3.97% and marking a reversal after three consecutive days of decline. It reached an intraday high of Rs 1,344.90 and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, the stock has demonstrated strong performance over the past year, with an impressive return of 89.04%, and has consistently generated positive results over the last ten quarters, including significant growth in profit before tax, profit after tax, and net sales.
In the broader market context, Hind Rectifiers has outperformed the Sensex in the short term, with a 1-week return of 2.42% compared to the benchmark's slight decline of 0.09%. This indicates that while the overall market may be experiencing some stagnation, Hind Rectifiers is gaining traction, likely due to its solid financial performance and increasing investor participation, as evidenced by a 6.02% rise in delivery volume. The stock's liquidity is also favorable, supporting its trading activity. Overall, the combination of strong financial results and positive market sentiment has contributed to the recent rise in Hind Rectifiers' stock price.