Why is Akar Auto Indust falling/rising?

As of 04-Aug, Akar Auto Industries Ltd is experiencing a rise in its stock price, currently at Rs 181.40, reflecting an increase of Rs 2.45 or 1.37%. The stock has shown strong performance recently, gaining 4.28% over the last two days and outperforming its sector by 1.53%. It is also close to its 52-week high, just 2.04% away from Rs 185.1. Over the past year, the stock has generated a remarkable return of 61.75%, significantly higher than the benchmark Sensex, which has only increased by 0.05%. The company is trading above all its moving averages, indicating a positive trend, although there has been a notable decline in investor participation, with delivery volume dropping by 53.83% against the 5-day average.
In the broader market context, Akar Auto Industries Ltd has outperformed the Sensex in both the short term and long term, with a 1-week return of 3.54% compared to the Sensex's 0.16% increase. This consistent market-beating performance, alongside a fair valuation and a solid return on capital employed (ROCE) of 18.5%, contributes to investor confidence. Despite the recent drop in delivery volume, the stock's strong historical performance and its ability to generate substantial returns over the past year suggest that it remains an attractive investment, reinforcing its upward price movement.