Why is Hind Rectifiers falling/rising?

As of 25-Jul, Hind Rectifiers Ltd is experiencing a price increase, currently at 1,351.00, reflecting a change of 6.1 (0.45%) upward. The stock has shown strong performance recently, outperforming its sector by 1.38% today and has gained 2.96% over the last two days. Additionally, it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating positive momentum. The company has reported positive results for the last ten consecutive quarters, with significant growth in profit before tax and net sales, contributing to its strong performance and investor confidence.
In the broader market context, Hind Rectifiers has outperformed the Sensex over the past week and month, with returns of +1.09% and +3.94%, respectively, while the Sensex has declined by -0.36% and -1.56%. Despite a year-to-date decline of -2.81% compared to the Sensex's +4.25%, the stock has delivered impressive returns of +90.97% over the past year and +657.50% over the past three years, showcasing its resilience and consistent performance relative to the broader market. This combination of strong financial results and positive market sentiment has contributed to the stock's recent upward movement.