Why is Carraro India falling/rising?

As of 30-Jun, Carraro India Ltd is experiencing a price increase, currently at 455.45, which reflects a rise of 19.45 or 4.46%. The stock has shown strong performance today, outperforming its sector by 3.25% and achieving a consecutive gain over the last two days with a total return of 4.52%. Additionally, the stock has touched an intraday high of Rs 460, indicating positive momentum. Despite a year-to-date decline of 28.52%, the stock has outperformed the benchmark Sensex in the past week with an increase of 11.90% compared to the Sensex's 2.09%. The company's strong fundamentals, including a low Debt to EBITDA ratio of 1.01 times and significant growth in operating profit, contribute positively to investor sentiment.
In the broader market context, while Carraro India has shown a notable short-term return, it has underperformed the benchmark over the longer term, with a year-to-date decline contrasting with the Sensex's 7.00% gain. The stock's liquidity remains adequate, allowing for reasonable trading volumes despite a recent drop in delivery volume. High institutional holdings at 21.05% suggest confidence from more sophisticated investors, which may bolster the stock's stability and growth potential in the face of broader market trends.