Why is Carraro India falling/rising?

As of 01-Jul, Carraro India Ltd's stock price is currently at Rs 460.20, reflecting an increase of Rs 4.75 or 1.04%. The stock has shown a positive trend, gaining 5.61% over the last three days and outperforming its sector by 0.98% today. Despite touching an intraday low of Rs 445, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward momentum. Additionally, the company has demonstrated a robust ability to service its debt with a low Debt to EBITDA ratio of 1.01 times and has reported a significant annual growth rate of 53.98% in operating profit, which supports its recent price movement.
In the broader market context, Carraro India's 1-week return of +6.80% significantly outpaces the Sensex's +2.00% return, highlighting its strong performance relative to the benchmark. However, the stock has underperformed year-to-date with a decline of 27.77%, contrasting with the Sensex's gain of 7.11%. The high institutional holdings at 21.05% suggest that knowledgeable investors are confident in the company's fundamentals, which may contribute to the stock's rising price. Overall, the combination of positive operational metrics and strong investor participation is driving the stock's recent upward movement.