Why is HP Adhesives falling/rising?

As of 29-Oct, HP Adhesives Ltd's stock price is currently at Rs 51.00, reflecting an increase of Rs 4.51, or 9.7%. The stock has shown a strong performance today, having outperformed its sector by 9.27% and achieving a consecutive gain over the last three days, with a total return of 10.25% during this period. It opened with a significant gap up of 12.69% and reached an intraday high of Rs 52.39. However, despite these positive movements, there has been a decline in investor participation, with delivery volume falling by 28.97% against the five-day average, indicating a potential concern regarding sustained interest in the stock.
Broader Market Context: In the short term, HP Adhesives has outperformed the Sensex, with a weekly return of 9.37% compared to the Sensex's 0.68%. Over the past month, the stock has also shown a positive return of 6.96%, while the Sensex gained 5.76%. Despite these recent gains, the stock has experienced significant declines year-to-date and over the past year, with losses of 37.68% and 37.18%, respectively, suggesting that while there may be short-term recovery, the longer-term outlook remains challenging compared to the broader market performance.