Why is Bimetal Bearings falling/rising?

As of 16-Sep, Bimetal Bearings Ltd. is experiencing a price increase, currently at 650.80, reflecting a rise of 17.8 or 2.81%. Today's price summary indicates that the stock opened with a gain of 2.69% and reached an intraday high of Rs 654.9, outperforming its sector by 2.11%. Despite a recent decline in delivery volume by 29.11% against the 5-day average, the stock is trading above all key moving averages, suggesting a positive momentum. The company has reported strong financial results, including a 99% growth in profit before tax and the highest operating cash flow and net sales in recent quarters, contributing to its attractive valuation with a low debt-to-equity ratio.
In the broader market context, Bimetal Bearings' short-term performance over the past week shows a slight decline of 0.34%, while the benchmark Sensex has increased by 1.58%. However, over the past month, the stock has outperformed the benchmark with a gain of 5.30% compared to the Sensex's 2.21%. Despite a year-to-date decline of 5.46% against the Sensex's gain of 5.43%, the stock's long-term performance remains strong, with a 50.25% increase over three years. This indicates that while the stock has faced challenges recently, its overall upward trajectory and positive financial indicators are likely contributing to the current rise in price.