Why is Hittco Tools falling/rising?

As of 17-Nov, Hittco Tools Ltd is experiencing a price increase, with its current price at Rs. 14.45, reflecting a change of 0.46 or 3.29% upward. The stock has recently hit a new 52-week high of Rs. 16 and has outperformed its sector by 2.73%. Over the last two days, Hittco Tools has gained 5.47%, and it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. However, there has been a notable decline in investor participation, with delivery volume dropping by 93.47% compared to the 5-day average, which may indicate a potential concern regarding sustained interest in the stock.
Broader market context shows that Hittco Tools has outperformed the Sensex in the short term, with a 1-week return of 3.58% compared to the Sensex's 1.69%. In the longer term, the stock has a year-to-date return of 7.04%, which is lower than the Sensex's 8.72%. Despite the recent gains, the stock's performance over the last three years has been negative at -6.77%, contrasting sharply with the Sensex's positive return of 37.57%. This mixed performance suggests that while Hittco Tools is currently rising, its longer-term trajectory may raise questions among investors.