Why is Banco Products falling/rising?

As of 30-Jun, Banco Products (India) Ltd is experiencing a notable rise in its stock price, currently at Rs. 639.75, reflecting an increase of Rs. 49.75 or 8.43%. The stock has recently hit a new 52-week high of Rs. 647.2 and has outperformed its sector by 7.22%. Over the past two days, it has gained 8.79%, and it is trading above all its moving averages, indicating strong upward momentum. Additionally, the company has demonstrated impressive returns, with a 1-year increase of 86.11% and a staggering 623.90% rise over the last three years. The company's strong financial health, characterized by a low Debt to EBITDA ratio of 0.55 times and an annual operating profit growth rate of 42.04%, further supports the positive sentiment around the stock.
In the broader market context, Banco Products has significantly outperformed the benchmark Sensex, which has only increased by 2.09% over the past week and 7.00% year-to-date, compared to Banco's 12.90% and 34.54% respectively. This stark contrast highlights the stock's robust performance relative to the market. Despite a slight decline in investor participation, as indicated by a 16.86% drop in delivery volume, the liquidity remains adequate for trading. The company's consistent returns and strong growth metrics have solidified investor confidence, contributing to the stock's upward trajectory.