Why is Hoac Foods falling/rising?

As of 17-Oct, Hoac Foods India Ltd is experiencing a price increase, currently at 275.00, which reflects a rise of 17.0 or 6.59%. The stock has recently hit a new 52-week and all-time high of Rs.282, indicating strong upward momentum. Over the past week, the stock has outperformed the sector by 5.42% and has shown impressive returns, with a year-to-date increase of 86.13% and a one-year increase of 127.27%. However, it is worth noting that investor participation has decreased significantly, with delivery volume dropping by 93.59% against the five-day average, which may raise concerns about the sustainability of the current price levels.
In the broader market context, Hoac Foods has significantly outperformed the Sensex, which has only increased by 1.68% over the past week. This stark contrast highlights the stock's strong performance relative to the benchmark. The stock's consistent trading above its moving averages further supports its bullish trend. Despite the decline in investor participation, the liquidity remains adequate for trading, suggesting that while there may be some caution among investors, the overall market sentiment towards Hoac Foods remains positive.