Why is Banco Products falling/rising?

As of 06-Oct, Banco Products (India) Ltd is experiencing a price increase, currently at 875.30, reflecting a rise of 27.2 or 3.21%. The stock has reached a new 52-week high of Rs. 879.6 today and has outperformed its sector by 2.67%. Over the past week, the stock has gained 1.74%, and it has shown remarkable performance over longer periods, with a 132.85% increase in the last year and an impressive 872.02% rise over the last three years. The company 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%. Recent positive results, including a PAT growth of 92.22% and record net sales, further bolster investor confidence.
In the broader market context, Banco Products' short-term return of 1.74% over the past week is slightly below the benchmark Sensex's return of 1.77%. However, the stock's long-term performance significantly outpaces the benchmark, with an 84.08% increase year-to-date compared to the Sensex's 4.67%. Despite a recent decline in investor participation, as indicated by a 22.63% drop in delivery volume, the stock remains liquid enough for trading, suggesting continued interest from investors. Overall, the combination of strong financial metrics and consistent returns over the years contributes to the stock's upward movement.