Why is Hindware Home In falling/rising?

As of 16-Oct, Hindware Home Innovation Ltd is experiencing a price increase, currently at Rs. 369.85, reflecting a rise of Rs. 12.4 or 3.47%. The stock has recently hit a new 52-week high of Rs. 374.75 and has outperformed its sector by 2.64%. Over the last three days, the stock has gained 7.69%, and it is trading above all key moving averages, indicating strong momentum. However, there has been a decline in investor participation, with delivery volume falling by 24.9% against the 5-day average. Despite this, the company has shown healthy long-term growth, with an operating profit growth rate of 71.14% and positive results after a long stretch of negative quarters, which has contributed to the stock's upward movement.
In the broader market context, Hindware Home Innovation Ltd has significantly outperformed the benchmark Sensex, which has only risen by 1.58% over the past week, while the stock itself has increased by 7.77%. Year-to-date, the stock has generated a return of 35.82%, compared to the Sensex's 6.82%, highlighting its strong market-beating performance. Despite the overall market showing negative returns of -0.82% in the last year, Hindware's ability to deliver a 17.82% return underscores its resilience and attractiveness to investors, contributing to its rising stock price.