Why is Banco Products falling/rising?

As of 22-Jul, Banco Products (India) Ltd is currently priced at 658.60, reflecting a slight increase of 0.05 (0.01%). The stock has shown a notable performance over the past month, with a return of +15.34%, significantly outperforming the Sensex, which declined by 0.27%. Despite a recent trend reversal where the stock gained after four consecutive days of decline, it remains 4.77% away from its 52-week high of Rs 690. The stock's liquidity is adequate for trading, although there has been a significant drop in investor participation, with delivery volume falling by 60.23% compared to the 5-day average. The company's strong fundamentals, including a low Debt to EBITDA ratio of 0.55 times and an impressive annual operating profit growth rate of 42.04%, contribute positively to its recent price movement.
In the broader market context, Banco Products has outperformed the benchmark index over various time frames, including a remarkable +91.83% return over the past year compared to the Sensex's +2.09%. This strong performance is indicative of the company's consistent ability to generate returns, as it has outperformed the BSE500 in each of the last three annual periods. The stock's recent price increase, despite the drop in investor participation, suggests that the underlying fundamentals and growth prospects are driving investor confidence, even in a challenging market environment.