Why is Carraro India falling/rising?

As of 03-Jul, Carraro India Ltd's stock price is currently at 454.50, reflecting a decrease of 5.7, or 1.24%. The stock has underperformed its sector today by 2.29%, having touched an intraday low of Rs 451, which is a 2% decline. Despite this, Carraro India is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive trend over a longer period. Over the past week, the stock has shown a return of 4.30%, while its year-to-date performance remains negative at -28.67%. The company has demonstrated 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, which supports its ability to service debt and suggests healthy long-term growth.
In the broader market context, while Carraro India has experienced a short-term gain of 4.30% over the past week, the benchmark Sensex has declined by 0.62% during the same period. This indicates that Carraro India has outperformed the market recently, despite its current price drop. The stock's high institutional holdings at 21.05% suggest that knowledgeable investors are confident in the company's fundamentals, which may provide some stability. However, the year-to-date decline of 28.67% compared to the Sensex's gain of 6.53% highlights ongoing challenges for Carraro India, potentially affecting investor sentiment and contributing to the recent price movement.