Why is Looks Health falling/rising?

As of 15-Jul, Looks Health Services Ltd is experiencing a rise in its stock price, currently at Rs. 8.31, reflecting an increase of Rs. 0.39 or 4.92%. The stock has recently hit a new 52-week high today and has been on a consecutive gain streak for the last four days, accumulating a remarkable 68.56% return during this period. Additionally, it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong upward momentum. The stock has also seen a significant increase in investor participation, with delivery volume rising by 245.93% against the 5-day average, suggesting heightened interest and confidence from investors.
In the broader market context, Looks Health has significantly outperformed the Sensex, which has seen a decline of 1.36% over the past week, while the stock itself has surged by 66.53%. Over the past month, the stock has risen by 67.20%, contrasting with the Sensex's modest gain of 1.79%. This stark difference highlights the stock's strong performance relative to the benchmark, indicating that investor sentiment towards Looks Health is particularly positive despite broader market challenges.