Why is Honasa Consumer falling/rising?

As of 08-Jul, Honasa Consumer Ltd's stock price is currently at Rs 297.50, reflecting an increase of Rs 1.5 or 0.51%. The stock has shown a positive trend recently, gaining for the last two days with a total return of 1.1% during this period. It outperformed its sector by 0.84% today and reached an intraday high of Rs 308.7, marking a rise of 4.29%. However, over the past week and month, the stock has experienced declines of 1.56% and 7.03%, respectively, and has a significant year-to-date gain of 17.64%. The company benefits from a low debt-to-equity ratio and high institutional holdings at 34.04%, which suggests strong investor confidence and capability to analyze the company's fundamentals.
In the broader market context, the stock's recent performance contrasts with the benchmark Sensex, which has remained relatively stable with a slight increase of 0.02% over the past week and a gain of 1.85% over the past month. While Honasa Consumer has struggled in the short term, its year-to-date performance significantly outpaces the Sensex's 7.13% increase. The rising investor participation, indicated by a 75.35% increase in delivery volume, suggests a growing interest in the stock, which may contribute to its recent upward movement despite its longer-term challenges.