Why is Hindustan Hardy falling/rising?

As of 23-Oct, Hindustan Hardy Ltd's stock price is currently at Rs 1,215.00, reflecting an increase of Rs 72.4, or 6.34%. The stock has shown strong performance today, outperforming its sector by 7.05% and achieving a consecutive gain over the last six days, resulting in a total return of 10.23% 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 bullish trend. The rising investor participation is notable, with delivery volume increasing by 68.6% compared to the 5-day average, suggesting heightened interest and confidence among investors.
In the broader market context, Hindustan Hardy's short-term return of 7.65% over the past week significantly outpaces the Sensex, which has only increased by 1.30% during the same timeframe. However, the stock has experienced a decline of 2.73% over the past month, while the Sensex has risen by 2.99%. Year-to-date, Hindustan Hardy has outperformed the benchmark with a return of 21.84% compared to the Sensex's 8.21%. This strong performance relative to the market, combined with the recent positive momentum and increased trading activity, suggests that investor sentiment remains optimistic about the company's prospects despite some recent fluctuations.