Why is Banco Products falling/rising?

As of 15-Jul, Banco Products (India) Ltd is experiencing a price increase, currently at Rs 674.30, reflecting a rise of Rs 11.9 or 1.8%. The stock has shown strong performance recently, gaining 5.29% over the last two days and is currently trading close to its 52-week high, just 2.33% away from Rs 690. It has consistently outperformed the benchmark indices, with a remarkable 94.28% return over the past year and a staggering 658.71% over the last three years. The stock is also trading above its moving averages across various time frames, indicating a positive trend. Additionally, the rising investor participation, evidenced by a 49.16% increase in delivery volume, suggests growing confidence among investors.
In the broader market context, Banco Products has outperformed the Sensex, which has seen a decline of 1.36% over the past week, while the stock itself has risen by 5.62%. This divergence highlights the stock's strength relative to the market. The company's solid financial health, characterized by a low Debt to EBITDA ratio of 0.55 times and a robust operating profit growth rate of 42.04%, further supports its positive trajectory. With consistent returns over the last three years and significant growth in key financial metrics, Banco Products is positioned favorably, contributing to its rising stock price amidst a challenging market environment.