Why is Hindware Home In falling/rising?

As of 03-Sep, Hindware Home Innovation Ltd is experiencing a price increase, currently at Rs 322.35, reflecting a rise of Rs 6.95 or 2.2%. The stock has shown strong performance today, outperforming its sector by 1.33%, and reached an intraday high of Rs 326.7, which is a 3.58% increase. Over the past week, the stock has gained 1.67%, and over the past month, it has surged by 18.97%, while the benchmark Sensex has declined by 0.27% during the same period. Despite a challenging year with a return of -8.36%, the company has recently reported positive results after a long period of negative performance, with significant growth in operating profit and a favorable debt-equity ratio, contributing to investor confidence.
In the broader market context, Hindware's short-term performance contrasts positively with the Sensex, which has seen a slight decline. The stock's ability to trade above its moving averages indicates a bullish trend, although there is a noted decrease in investor participation, with delivery volume falling by 24.88% against the five-day average. This could suggest caution among investors despite the company's improved financial metrics, such as a high operating profit to interest ratio and attractive valuation compared to peers. The low stake of domestic mutual funds in the company may also reflect some hesitance in the market regarding its long-term prospects, particularly given its high debt to EBITDA ratio.