Why is Hindware Home In falling/rising?

As of 25-Aug, Hindware Home Innovation Ltd's stock price is currently at Rs 310.40, reflecting an increase of Rs 11.75 or 3.93%. The stock has shown a trend reversal, gaining after two consecutive days of decline, and it outperformed its sector by 4.78% today. The stock reached an intraday high of Rs 320, indicating strong intraday performance. Over the past month, Hindware has experienced a significant return of +18.23%, although it has underperformed over the past year with a return of -16.92%. The company has recently declared positive results after a long period of negative performance, showcasing a healthy operating profit growth rate of 71.14% and a favorable debt-equity ratio, which may have contributed to the stock's upward movement.
In the broader market context, while Hindware's short-term performance has been positive, the benchmark Sensex has only increased by 0.45% over the past week, suggesting that the stock's rise is notable compared to the overall market. However, the stock's performance over the last three years shows a stark contrast, with a return of +1.57% compared to the Sensex's +38.90%. This indicates that while Hindware is experiencing a temporary rebound, it has struggled to keep pace with the broader market trends in the long term. The recent decline in investor participation, as indicated by a significant drop in delivery volume, could pose challenges for sustained growth despite the positive short-term indicators.