Why is H.M. Electro falling/rising?

As of 31-Oct, H.M. Electro Mech Ltd's stock price is currently at Rs 59.99, reflecting an increase of Rs 4.16, or 7.45%. The stock has shown strong performance today, having outperformed its sector by 7.75% and gaining 10.07% over the last two days. It opened with a gain of 3.89% and reached an intraday high of Rs 59.99. However, despite these positive movements, there is a notable decline in investor participation, with delivery volume falling by 76.19% compared to the 5-day average. Additionally, while the stock is trading above its 5-day and 20-day moving averages, it remains below the longer-term moving averages, indicating mixed signals regarding its momentum.
Broader Market Context: In the context of the broader market, H.M. Electro's stock has outperformed the Sensex over the past week, with a return of +11.09% compared to the Sensex's -0.32%. However, over the past month, the stock has underperformed, showing a decline of 2.46% while the Sensex has increased by 3.65%. This divergence highlights the stock's recent strength in the short term, despite its longer-term challenges. The overall market sentiment appears to be less favorable, as indicated by the Sensex's modest gains, which may be contributing to the mixed performance of H.M. Electro's stock.