Why is Automotive Axles falling/rising?

As of 28-Jul, Automotive Axles Ltd's stock price is currently at Rs 1,925.90, reflecting an increase of Rs 26.55 or 1.4%. The stock has shown strong performance recently, gaining 8.67% over the past week and outperforming its sector by 1.88% today. It has also been on a consecutive gain streak for the last five days. The stock is trading above all key moving averages, indicating positive momentum. Despite a year-over-year decline of 7.94% in returns, the company has demonstrated healthy long-term growth with an annual operating profit increase of 27.15%. The low debt-to-equity ratio and attractive valuation further support the stock's recent upward movement.
In the broader market context, while the Sensex has declined by 1.59% over the past week, Automotive Axles has significantly outperformed this benchmark. The stock's year-to-date return of 9.12% also contrasts with the Sensex's gain of only 3.52%, highlighting its relative strength in the current market environment. The rising investor participation, evidenced by a substantial increase in delivery volume, suggests growing confidence among investors, which is likely contributing to the stock's upward trajectory.