Why is BMW Industries falling/rising?

As of 10-Jun, BMW Industries Ltd is experiencing a price increase, currently at Rs 55.64, reflecting a rise of Rs 3.04 or 5.78%. The stock has shown strong performance today, outperforming its sector by 4.13% and achieving a consecutive gain over the last two days with a total return of 6.53%. It reached an intraday high of Rs 56.15. In the past week, the stock has gained 5.40%, and over the last month, it has increased by 10.73%. Despite a negative return of -13.37% over the past year, the company's profits have risen by 17.7%, and it is trading at a discount compared to its peers, which may attract investor interest. However, the stock is technically in a mildly bearish range, with some indicators suggesting caution.
In the broader market context, BMW Industries has outperformed the Sensex, which has only increased by 2.05% over the past week. While the stock has shown positive short-term momentum, it has underperformed the market over the last year, where the BSE 500 generated returns of 6.22%. The low domestic mutual fund ownership, at 0%, may indicate a lack of confidence among institutional investors, which could weigh on long-term growth prospects. Despite these challenges, the rising investor participation and attractive valuation metrics may provide some support for the stock's recent upward movement.