Why is Carraro India falling/rising?

As of 23-Jul, Carraro India Ltd's stock price is currently at Rs 490.20, reflecting an increase of Rs 7.6 or 1.57%. The stock has shown strong performance recently, with a 10.01% increase over the past week and a notable 20.44% rise over the past month. Today's trading saw the stock reach an intraday high of Rs 499.05, although it also experienced a low of Rs 472.4. Despite a decrease in delivery volume by 13.18% compared to the 5-day average, the stock is trading above all key moving averages, indicating a positive trend. The company's strong fundamentals, including a low Debt to EBITDA ratio of 1.01 times and significant growth in operating profit, contribute to its recent upward movement. Additionally, high institutional holdings at 20.31% suggest confidence from more knowledgeable investors.
In the broader market context, Carraro India has significantly outperformed the Sensex, which only increased by 0.11% over the past week. This stark contrast highlights the stock's strong short-term performance relative to the benchmark. While the year-to-date performance shows a decline of 23.06% for Carraro India compared to a 5.87% increase in the Sensex, the recent positive trends in operating profit and investor sentiment may indicate a potential recovery phase for the stock. Overall, the combination of strong financial metrics and recent price movements suggests that Carraro India is currently on an upward trajectory, despite its challenging year-to-date performance.