Why is Hoac Foods falling/rising?

As of 02-Jul, Hoac Foods India Ltd's stock price is rising, currently at 256.65, reflecting an increase of 12.2 or 4.99%. The stock has recently hit a new 52-week and all-time high today, indicating strong upward momentum. It has outperformed its sector by 4.71% and is trading above all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. However, there is a notable decline in investor participation, with delivery volume dropping by 53.13% against the 5-day average. Despite this, the stock has shown impressive returns, with a 1-week increase of 24.29% and a year-to-date rise of 73.71%, significantly outpacing the Sensex's performance during the same periods.
In the broader market context, Hoac Foods' short-term performance has been exceptional compared to the benchmark Sensex, which only increased by 0.83% over the past week. The stock's strong performance over the last month (+46.66%) and year (+39.45%) further highlights its robust growth relative to the Sensex's respective gains of 2.98% and 5.51%. This substantial outperformance suggests that investor sentiment remains positive towards Hoac Foods, despite the recent decline in trading volume, which may indicate a temporary pullback in trading activity rather than a fundamental weakness in the stock itself.