Why is Carraro India falling/rising?

As of 25-Jun, Carraro India Ltd's stock price is currently at 440.05, reflecting an increase of 9.15 or 2.12%. The stock has been on an upward trend, gaining for the last three days and achieving a total return of 8.68% during this period. It has also touched an intraday high of Rs 442.8. Despite a year-to-date decline of 30.93%, the company demonstrates strong fundamentals, including a low Debt to EBITDA ratio of 1.01 times and an impressive annual growth rate of 53.98% in operating profit. The high institutional holdings at 21.05% suggest confidence from knowledgeable investors, which may contribute to the stock's recent positive movement.
In the broader market context, Carraro India's short-term performance of +0.78% over the past week is notably lower than the Sensex's return of +1.61% during the same period. While the stock has struggled year-to-date compared to the benchmark, the recent gains may indicate a potential recovery phase, supported by rising investor participation and liquidity. The stock's performance aligns with the sector, suggesting that broader market trends may also be influencing its upward movement.