Why is Looks Health falling/rising?

As of 16-Jul, Looks Health Services Ltd is experiencing a price increase, currently at Rs. 8.68, reflecting a rise of 0.37 or 4.45%. The stock has recently hit a new 52-week high of Rs. 8.72 and has shown impressive performance, gaining 76.06% over the past week and 78.97% over the past month. It has been on a consecutive gain streak for the last five days, outperforming its sector by 4.74%. Additionally, the stock is trading above all key moving averages, indicating strong upward momentum. Rising investor participation is evident, with a significant increase in delivery volume, which has risen by 115% compared to the five-day average. There are no specific positive or negative factors provided, but the overall data suggests a robust demand for the stock.
In the broader market context, Looks Health's short-term performance significantly outpaces the benchmark Sensex, which has declined by 1.08% over the past week while the stock has surged by 76.06%. This stark contrast highlights the stock's strong relative strength and investor confidence, especially in a market that is currently underperforming. The year-to-date performance also shows that Looks Health has outperformed the Sensex, with a return of 70.53% compared to the benchmark's 5.75%. This indicates that the stock is not only gaining traction on its own but is also attracting attention in a challenging market environment.