Why is Hind.Adhesive falling/rising?

As of 17-Nov, Hindustan Adhesives Ltd is experiencing a price increase, with the current price at 330.95, reflecting a rise of 23.95 or 7.8%. The stock has shown strong performance today, outperforming its sector by 9.03% and gaining 10.98% over the last two days. It opened with a significant gain of 7.48% and reached an intraday high of Rs 335. In terms of returns, the stock has performed well in the short term, with a 14.08% increase over the past week, although it remains down 19.46% year-to-date. Notably, the stock's moving averages are higher than the 5-day, 20-day, 50-day, and 100-day averages, indicating positive momentum, despite a decline in delivery volume by 5.52% against the 5-day average, suggesting a potential concern regarding investor participation.
Broader Market Context: The stock's short-term performance is significantly better than the benchmark Sensex, which has only increased by 1.69% over the past week. This indicates that Hindustan Adhesives Ltd is gaining traction relative to the broader market, which may attract more investors looking for outperforming stocks. However, the year-to-date performance still lags behind the Sensex, which has risen by 8.72%. The contrasting trends in short-term gains versus long-term declines highlight a potential recovery phase for the stock, although the falling investor participation could pose challenges for sustained upward momentum.