Why is Hindustan Hardy falling/rising?

As of 01-October, Hindustan Hardy Ltd is experiencing a price increase, currently at 1,227.05, reflecting a rise of 61.3 or 5.26%. The stock has shown strong performance today, outperforming its sector by 4.14% and achieving a consecutive gain over the last two days with a total return of 10.99%. It reached an intraday high of Rs 1258, although it also faced volatility, trading within a wide range of Rs 163. Despite this positive movement, there has been a decline in investor participation, with delivery volume falling by 15.44% compared to the 5-day average, indicating a potential concern for sustained momentum. The stock's year-to-date return stands at an impressive 23.04%, significantly outperforming the benchmark Sensex, which has only gained 3.64% in the same period.
In the broader market context, Hindustan Hardy's short-term performance has been relatively strong compared to the Sensex, which has declined by 0.90% over the past week while the stock itself has only dipped by 0.48%. Over the past month, Hindustan Hardy has increased by 1.91%, contrasting with the Sensex's modest gain of 0.77%. This trend is further highlighted by the stock's remarkable year-on-year return of 85.50%, while the Sensex has seen a decline of 3.90%. Overall, the stock's recent rise can be attributed to its strong performance metrics and resilience in a fluctuating market, despite some signs of reduced investor engagement.