Why is Hindware Home In falling/rising?

As of 10-Oct, Hindware Home Innovation Ltd's stock price is rising, currently at 349.95, reflecting an increase of 6.75 (1.97%). The stock has recently hit a new 52-week high of Rs. 354.15 and has outperformed its sector by 1.55%. Over the past three days, the stock has gained 5.52%, and it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite these positive indicators, there is a notable decline in investor participation, with delivery volume falling by 51.69% against the 5-day average. The company's long-term growth prospects are supported by a significant annual operating profit increase of 71.14%, although it has faced challenges with a high Debt to EBITDA ratio of 3.42 times and a recent decline in profits.
In the broader market context, Hindware Home Innovation Ltd has shown strong performance relative to the benchmark, with a year-to-date return of 28.52% compared to the Sensex's 5.58%. Over the past month, the stock has increased by 4.00%, while the Sensex has only risen by 1.32%. This outperformance is particularly notable given that the broader market (BSE500) has experienced negative returns of -1.51% over the last year, highlighting the stock's resilience. However, the low domestic mutual fund ownership at only 0.16% may indicate some caution among institutional investors regarding the stock's valuation or business fundamentals.