Why is Banco Products falling/rising?

As of 24-Sep, Banco Products (India) Ltd is experiencing a price increase, currently at Rs 826.65, reflecting a rise of Rs 10.9 or 1.34%. The stock has recently hit a new 52-week high of Rs 864.45 and has outperformed its sector by 2.38%. Despite a recent trend reversal after two days of consecutive declines, the stock has shown impressive returns, with a 1-week increase of 11.20% and a remarkable 143.94% increase over the past year. The company also demonstrates strong financial health, evidenced by a low Debt to EBITDA ratio of 0.55 times and significant growth in operating profit at an annual rate of 50.62%. Positive results from the latest six months, including a PAT growth of 92.22% and record net sales, further bolster investor confidence.
In the broader market context, Banco Products has significantly outperformed the benchmark Sensex, which has declined by 1.18% over the past week while the stock has risen. Year-to-date, the stock has gained 73.85%, compared to the Sensex's 4.58% increase, highlighting its strong performance relative to the market. However, there is a noted decline in investor participation, with delivery volume falling by 79.57% against the 5-day average, which could raise concerns about sustainability in trading activity. Overall, the stock's robust performance metrics and positive financial indicators contribute to its rising price, despite some signs of reduced liquidity.