Why is Ador Welding falling/rising?

As of 17-Nov, Ador Welding Ltd's stock price is currently at 1,092.10, reflecting an increase of 18.65 (1.74%). The stock has shown a strong performance today, outperforming its sector by 1.28% and achieving a consecutive gain over the last three days with a total return of 7.26%. Additionally, the stock reached an intraday high of Rs 1100, indicating positive momentum. In the context of returns, the stock has gained 6.86% over the past week, although it has experienced a decline of 5.53% over the past month. The company has recently reported positive results after two consecutive negative quarters, with significant growth in operating profit and an increase in operating cash flow, which may have contributed to the recent upward movement in stock price. Furthermore, the low debt-to-equity ratio and increasing participation from institutional investors suggest a stable financial outlook, although the stock's performance over the past year remains negative.
Broader Market Context: In comparison to the benchmark Sensex, Ador Welding Ltd has outperformed in the short term, with a weekly return of 6.86% compared to the Sensex's 1.69%. However, the stock's year-to-date performance is lagging behind the benchmark, with a decline of 1.17% versus the Sensex's gain of 8.72%. This divergence indicates that while the stock is currently experiencing a positive trend, it has not kept pace with broader market gains over a longer period. The recent increase in investor participation and the company's improved financial metrics may help bolster investor confidence, potentially leading to further upward movement in the stock price.