Why is Bharat Gears falling/rising?

As of 19-Sep, Bharat Gears Ltd is experiencing a significant rise in its stock price, currently at Rs 106.05, reflecting an increase of Rs 10.11 or 10.54%. The stock reached a new 52-week high of Rs 115.12 today, with an intraday performance that outperformed its sector by 10.43%. Over the past week, Bharat Gears has shown a return of +7.38%, while its year-to-date performance stands at +6.75%. Despite a recent decline in delivery volume by 32.54%, the stock is trading above all its moving averages, indicating strong upward momentum. Positive financial results, including the highest operating cash flow and net sales in the latest quarter, alongside a favorable valuation compared to peers, have contributed to this upward trend.
In the broader market context, Bharat Gears' short-term performance has significantly outpaced the benchmark Sensex, which has only increased by 0.88% over the past week. This contrast highlights the stock's relative strength in a generally stable market. The company's ability to generate a modest return of 0.62% over the past year, coupled with a 25.1% increase in profits, further supports its positive outlook. The presence of majority shareholders, the promoters, also adds a layer of stability and confidence in the stock's future performance.