Why is Ador Welding falling/rising?

As of 07-Jul, Ador Welding Ltd's stock price is currently at 1,129.00, reflecting an increase of 11.0 (0.98%). The stock has shown strong performance recently, gaining 7.93% over the last three days and outperforming its sector by 2.41% today. It has also touched an intraday high of Rs 1155, indicating positive momentum. In terms of returns, the stock has risen by 10.85% over the past week and 13.24% over the past month, although it has underperformed over the last year with a decline of 21.10%. Positive factors contributing to this rise include a low debt-to-equity ratio, an attractive return on equity of 13.4, and increasing participation from institutional investors, who have raised their stake by 0.65% in the last quarter.
Broader Market Context: In comparison to the benchmark Sensex, which has seen a slight decline of 0.20% over the past week, Ador Welding's short-term performance is significantly stronger. While the stock has faced challenges over the past year, underperforming the broader market, its recent gains suggest a potential recovery phase. The stock's liquidity is also favorable, with a delivery volume increase indicating rising investor interest. Overall, despite its historical underperformance, the recent positive trends and institutional interest may be driving the current upward movement in the stock price.