Why is Balu Forge falling/rising?

As of 04-Sep, Balu Forge Industries Ltd is experiencing a price increase, currently at 680.35, which reflects a rise of 7.45 or 1.11%. The stock has shown strong performance recently, gaining 10.1% over the last four days and outperforming its sector by 1.47% today. Despite opening lower with a loss of 2.51% and touching an intraday low of Rs 646.2, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The company has demonstrated impressive growth metrics, including a 64.33% annual growth rate in net sales and a 124.93% increase in operating profit, contributing to positive investor sentiment.
In the broader market context, Balu Forge's short-term return of 8.53% over the past week significantly outpaces the Sensex, which has only increased by 0.80% during the same period. This strong performance is further supported by a low debt-to-equity ratio of 0.07 times and consistent positive results over the last 11 quarters, including a 91.71% growth in profit after tax in the latest six months. These factors indicate a healthy financial position and robust operational performance, which likely contribute to the stock's upward movement despite its year-to-date decline of 14.07% compared to the Sensex's gain of 3.30%.