Why is Bharat Gears falling/rising?

As of 26-Sep, Bharat Gears Ltd is experiencing a significant rise in its stock price, currently at Rs. 139.46, reflecting an increase of Rs. 21.54 or 18.27%. The stock has reached a new 52-week high of Rs. 141.5 today and has outperformed its sector by 19.12%. Over the past week, Bharat Gears has shown a remarkable return of +31.50%, while its performance over the last month stands at +51.59%. The company reported strong financial results, including the highest operating cash flow and net sales in the last quarter, contributing to a year-on-year return of 30.70%, despite the broader market's negative trend.
In the broader market context, while the BSE500 index has seen a decline of -7.63% over the past year, Bharat Gears has managed to generate substantial positive returns, indicating strong market-beating performance. The stock's recent upward movement is further supported by its trading above all key moving averages, although there has been a slight decline in investor participation. This combination of strong financial results and favorable comparisons to the broader market has contributed to the stock's rising trend.