Why is Banco Products falling/rising?

As of 06-Aug, Banco Products (India) Ltd is experiencing a price increase, currently at Rs 607.00, reflecting a rise of 2.25 (0.37%). The stock has been gaining for the last three days, with a total return of 5.54% during this period. Despite touching an intraday low of Rs 590.15 earlier in the day, the stock has outperformed its sector by 2.91%. Over the past week, the stock has shown a modest gain of 0.12%, while it has significantly outperformed the benchmark Sensex, which has declined by 1.15%. Year-to-date, Banco Products has a remarkable return of 27.66%, compared to the Sensex's 3.08%. However, it is important to note that the stock's delivery volume has decreased by 29.34% against the five-day average, indicating a potential decline in investor participation.
Broader Market Context: In the context of the broader market, the Auto Ancillary sector has faced a downturn, falling by 2.73%. While Banco Products has shown resilience with its recent gains, the overall market sentiment appears to be negative, as evidenced by the sector's performance. The stock's ability to outperform the sector and the benchmark in the short term suggests that it may be benefiting from specific company-related factors or investor interest, despite the broader market challenges. The stock's liquidity remains adequate for trading, which may also contribute to its recent price stability amidst fluctuating market conditions.