Why is Hindprakash Indu falling/rising?

As of 27-Jun, Hindprakash Industries Ltd is experiencing a significant rise in its stock price, currently at Rs 145.55, reflecting an increase of Rs 15.55 or 11.96%. Today's price summary indicates that the stock outperformed its sector by 9.82% and opened with a notable gain of 7.08%. The stock reached an intraday high of Rs 154.9, showcasing a 19.15% increase. Despite high volatility with an intraday fluctuation of 5.24%, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, positive financial results, including a higher PAT and net sales, alongside an attractive valuation compared to peers, have contributed to the stock's upward movement, despite a year-over-year return of -7.59%.
In the broader market context, Hindprakash Industries Ltd has shown a strong short-term performance, with a 1-week return of +11.32%, significantly outperforming the Sensex, which only increased by 2.00% during the same period. Over the past month, the stock has also outperformed the benchmark, gaining 12.83% compared to the Sensex's 3.07%. This positive momentum in the stock, combined with the overall sector performance in Dyes & Pigments, which gained 2.3%, indicates a favorable environment for Hindprakash Industries Ltd, despite a notable decline in investor participation as reflected in the delivery volume.