Why is Carraro India falling/rising?

As of 18-Jul, Carraro India Ltd is experiencing a price increase, currently at Rs 462.05, reflecting a rise of Rs 11.6 or 2.58%. The stock has shown strong performance today, outperforming its sector by 3.67% and achieving a consecutive gain over the last three days with a total return of 4.65% during this period. Additionally, the stock reached an intraday high of Rs 477.8, indicating positive momentum. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, and there has been a notable increase in investor participation, with delivery volume rising by 43.02% compared to the 5-day average. The company's strong fundamentals, including a low Debt to EBITDA ratio of 1.01 times and healthy operating profit growth, further support the stock's upward movement.
In the broader market context, Carraro India's short-term return of +2.43% over the past week contrasts sharply with the Sensex, which has declined by 0.90% during the same period. This indicates that Carraro India is not only performing well relative to its own historical performance but also significantly outperforming the overall market. The company's high institutional holdings at 20.31% suggest that knowledgeable investors are confident in its fundamentals, which may contribute to the stock's resilience and upward trajectory despite a year-to-date decline of 27.48%. Overall, the combination of strong operational metrics and positive market sentiment is driving the stock's recent price increase.