Why is Auto.Corp.of Goa falling/rising?

As of 01-Aug, the Automobile Corporation Of Goa Ltd is experiencing a price increase, currently at Rs 2,200.85, reflecting a rise of 34.5 points or 1.59%. The stock has shown strong performance recently, gaining 23.64% over the last four days and outperforming its sector by 2.81% today. It opened with a gain of 3.4% and reached an intraday high of Rs 2,349, indicating robust investor interest. The stock is trading above its moving averages across various time frames, and there has been a significant increase in delivery volume, suggesting rising investor participation. Despite a year-over-year decline of 28.09%, the company has demonstrated healthy growth in operating profit and has a low debt-to-equity ratio, which may attract investors looking for value.
In the broader market context, the stock has outperformed the benchmark Sensex over the past week and month, with returns of 22.95% and 21.25%, respectively, while the Sensex has declined by 1.06% and 3.70%. This positive short-term performance contrasts with the stock's longer-term underperformance, as it has lagged behind the market over the past year. The lack of domestic mutual fund investment may indicate some caution among institutional investors, which could be a risk factor for future price movements. Nonetheless, the company's attractive valuation and growth potential could continue to support its recent upward trend.