Why is Carraro India falling/rising?

As of 24-Jul, Carraro India Ltd's stock price is currently at 491.00, reflecting an increase of 0.8 (0.16%). The stock has shown a positive performance recently, gaining 1.74% over the last two days, although it has underperformed its sector by 0.77% today. Over the past week, Carraro India has outperformed the benchmark Sensex with a return of 9.00%, while the Sensex has seen a slight decline of 0.09%. Additionally, the stock has demonstrated strong fundamentals, such as a low Debt to EBITDA ratio of 1.01 times and a healthy annual growth rate of operating profit at 53.98%. The high institutional holdings at 20.31% suggest confidence from knowledgeable investors, which may contribute to the stock's upward movement.
In the broader market context, Carraro India's recent performance contrasts with the Sensex, which has only increased by 0.16% over the past month, while Carraro has risen by 13.95% in the same period. Despite this positive short-term trend, the stock has experienced a year-to-date decline of 22.94%, indicating potential volatility. The falling delivery volume, which has decreased by 20.45% against the 5-day average, may raise concerns about investor participation. However, the stock's liquidity remains adequate for trading, suggesting that while there are challenges, the overall positive financial indicators and recent gains may support continued interest in Carraro India Ltd.