Why is Banco Products falling/rising?

As of 09-Jul, Banco Products (India) Ltd is experiencing a price increase, currently at Rs 654.20, which reflects a rise of Rs 15.8 or 2.47%. The stock has shown a trend reversal, gaining after two consecutive days of decline, and reached an intraday high of Rs 662.4, marking a 3.76% increase today. Despite a recent drop in investor participation, with delivery volume decreasing by 33.35% compared to the 5-day average, the stock has outperformed its sector by 1.78%. Over the past month, it has delivered a robust return of 15.45%, and over the last year, it has achieved an impressive 92.78% return, consistently outperforming the BSE500 in each of the last three annual periods. The company's strong fundamentals, including a low Debt to EBITDA ratio of 0.55 times and a significant growth in operating profit at an annual rate of 42.04%, contribute positively to its stock performance.
In the broader market context, Banco Products has underperformed the Sensex in the short term, with a 1-week return of -2.69% compared to the Sensex's slight gain of 0.15%. However, the stock's year-to-date performance of 37.58% significantly outpaces the Sensex's 6.91%, indicating strong investor confidence in the company's long-term growth potential. The stock's liquidity remains adequate for trading, supporting its recent price movements despite the drop in delivery volumes. Overall, the combination of strong financial metrics and a recent positive price trend suggests that the stock's upward movement is supported by solid fundamentals, even as it navigates short-term fluctuations in investor activity.