Why is Carraro India falling/rising?

As of 17-Jul, Carraro India Ltd is experiencing a price increase, currently at 450.45, which reflects a rise of 4.85 or 1.09%. The stock has outperformed its sector by 0.9% today and has shown consecutive gains over the last two days, accumulating a total return of 2.03% during this period. Despite a year-to-date decline of 29.30%, the stock has demonstrated a positive monthly return of 1.68%. The company maintains a strong financial position with a low Debt to EBITDA ratio of 1.01 times and impressive operating profit growth, which has contributed to its recent upward movement.
In the broader market context, Carraro India's short-term performance contrasts with the Sensex, which has decreased by 1.12% over the past week while Carraro has only fallen by 0.51%. This indicates that the stock is relatively resilient compared to the overall market. Additionally, the stock's liquidity remains adequate for trading, although there has been a notable decline in delivery volume, which may suggest a decrease in investor participation. The high institutional holdings at 20.31% further support the stock's stability, as these investors typically have a better understanding of the company's fundamentals.