Why is Hoac Foods falling/rising?

As of 03-Jul, Hoac Foods India Ltd is experiencing a price increase, currently at Rs. 261.75, reflecting a rise of Rs. 5.1 or 1.99%. The stock has shown impressive performance, with a 1-week return of +23.91% and a 1-month return of +49.57%, significantly outperforming the Sensex, which has seen a decline of -0.56% over the same week and a modest gain of +3.52% over the month. Notably, the stock reached a new 52-week high of Rs. 256.65 today and is trading above all its moving averages, indicating strong momentum. However, there is a concerning trend in investor participation, as the delivery volume has decreased by 53.13% compared to the 5-day average, which could suggest waning interest despite the price rise.
In the broader market context, Hoac Foods' short-term performance stands in stark contrast to the Sensex, which has struggled recently. While the stock has surged, the benchmark index has faced a slight decline, highlighting the strength of Hoac Foods in a challenging market environment. The stock's liquidity remains adequate, allowing for trades of small sizes, which may contribute to its ability to maintain upward momentum despite the drop in delivery volumes. Overall, the combination of strong returns, positive technical indicators, and the stock's ability to outperform the sector suggests a robust performance, even as investor participation shows signs of decline.