Why is 3M India falling/rising?

As of 03-Nov, 3M India Ltd. is experiencing a price increase, currently at Rs 30,854.00, reflecting a rise of Rs 1,315.3 or 4.45%. The stock has shown strong performance today, outperforming its sector by 3.28% and reaching an intraday high of Rs 30,973.25, which is a 4.86% increase. Additionally, 3M India is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. The stock has also seen a significant rise in delivery volume, up by 228.47% compared to the 5-day average, suggesting increased investor interest. Despite a year-to-date return of only 1.47%, the company has demonstrated strong management efficiency with a high return on equity (ROE) of 19.22% and a low debt-to-equity ratio, contributing to a healthy long-term growth outlook with an annual operating profit growth rate of 50.52%.
In the broader market context, 3M India's short-term return over the past week is +2.80%, which contrasts with the Sensex's decline of -0.94% during the same period, highlighting the stock's relative strength. While the stock has underperformed the benchmark over the longer term, particularly with a one-year return of -14.73% compared to the Sensex's +5.34%, its recent performance indicates a potential turnaround. The liquidity of the stock is also favorable, allowing for trades of Rs 0.18 crore, which supports ongoing investor participation. Overall, the combination of strong management performance, rising investor interest, and positive short-term returns against a declining benchmark contributes to the stock's upward movement.