Why is Carraro India falling/rising?

As of 01-Aug, Carraro India Ltd's stock price is rising, currently at Rs 482.35, reflecting an increase of Rs 5.85 or 1.23%. The stock has shown a trend reversal, gaining after three consecutive days of decline. It outperformed its sector by 2.45% today, reaching an intraday high of Rs 490.95, although it also experienced a low of Rs 464.45. Over the past week, the stock has increased by 0.07%, while it has performed better than the benchmark Sensex, which declined by 1.06%. Despite a year-to-date decline of 24.30%, the company demonstrates strong fundamentals, including a low Debt to EBITDA ratio of 1.01 times and significant growth in operating profit, which has increased at an annual rate of 53.98%. High institutional holdings at 20.31% suggest confidence from knowledgeable investors.
Broader Market Context: In the short term, Carraro India has outperformed the Sensex, which has seen a decline of 1.06% over the past week, while Carraro's stock has managed a slight increase. This relative strength in performance may indicate a positive sentiment among investors, particularly given the company's strong ability to service debt and healthy long-term growth prospects. However, the stock's liquidity is somewhat concerning, as there has been a significant drop in delivery volume, which fell by 56.45% against the five-day average. This decline in investor participation could pose challenges for sustained upward momentum in the stock price.