Why is Hindustan Hardy falling/rising?

As of 22-Aug, Hindustan Hardy Ltd's stock price is rising, currently at 1,295.00, reflecting an increase of 26.05 (2.05%). The stock has shown strong performance recently, with a new 52-week and all-time high of Rs. 1325 reached today. It has outperformed its sector by 2.44% and has gained consecutively for the last six days, resulting in a remarkable 30.24% return during this period. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. Positive factors contributing to this rise include high management efficiency with a return on equity (ROE) of 21.04%, a low debt to EBITDA ratio of 0.78, and significant growth in operating profit, which has increased by 66.72% annually. The company has also reported positive results for the last two consecutive quarters, with a notable decrease in raw material costs by 19.63% year-over-year.
In the broader market context, Hindustan Hardy's short-term return of 24.04% over the past week significantly outpaces the benchmark Sensex, which has only increased by 0.88% during the same period. This indicates that the stock is not only performing well in isolation but is also gaining traction compared to the overall market. The stock's year-to-date return of 29.86% further highlights its strong performance relative to the Sensex's 4.05% increase. The combination of strong financial metrics, consistent positive results, and favorable market conditions has contributed to the stock's upward momentum.