Why is Thinking Hats falling/rising?

As of 05-Aug, Thinking Hats Entertainment Solutions Ltd is experiencing a price increase, currently at 38.30, reflecting a rise of 1.8 or 4.93%. The stock has shown strong performance in the short term, with a 21.20% increase over the past week and a 32.99% increase over the past month, significantly outperforming the Sensex, which has declined by 0.69% and 3.19% respectively during the same periods. Despite a recent trend reversal after six consecutive days of gains, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 90.48% against the 5-day average, indicating heightened interest in the stock. Unfortunately, the Positive and Negative Dashboard data is not available to provide further insights into the factors influencing the stock's movement.
Broader market context shows that while Thinking Hats has performed well recently, it has a year-to-date return of -10.20%, contrasting with the Sensex's positive return of 4.25%. This suggests that despite the recent gains, the stock has struggled over a longer time frame compared to the broader market. The stock's strong short-term performance, especially in comparison to the benchmark, highlights a potential recovery phase, although the overall year-to-date performance indicates underlying challenges that may still affect investor sentiment moving forward.