Why is Looks Health falling/rising?

As of 14-Jul, Looks Health Services Ltd is experiencing a significant price increase, with its current price at Rs. 7.92, reflecting a rise of 1.32 or 20.0%. The stock has recently hit a new 52-week high today and has outperformed its sector by 19.23%. It has been on a positive trajectory, gaining for the last three days and achieving a remarkable 60.65% return during this period. Additionally, the stock opened with a gain of 20% today and has maintained this price level throughout the trading session. It is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong upward momentum. Furthermore, there has been a notable increase in investor participation, with delivery volume rising by 1081.92% against the 5-day average, suggesting heightened interest in the stock.
In the broader market context, Looks Health's performance stands in stark contrast to the benchmark Sensex, which has seen a decline of 1.42% over the past week. The stock's one-week return of +66.74% significantly outpaces the benchmark's performance, highlighting its strong relative strength. Over the past month, Looks Health has also outperformed the Sensex, which has only gained 1.40%, while the stock has surged by 59.36%. This divergence indicates that the stock's recent rise is driven by company-specific factors rather than broader market trends, as the overall market has not been favorable.