Why is Carraro India falling/rising?

As of 19-Sep, Carraro India Ltd's stock price is currently at 455.20, reflecting an increase of 2.85 (0.63%). The stock has shown positive momentum, gaining 2.51% over the last two days and outperforming its sector by 0.52%. It reached an intraday high of Rs 466.8, indicating strong trading activity, and is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite this upward movement, the stock has a year-to-date decline of 28.56%, although it has seen an 8.78% increase over the past month. The company's ability to service debt is strong, evidenced by a low Debt to EBITDA ratio of 0.95 times, and its operating profit has grown at an impressive annual rate of 53.98%. Additionally, high institutional holdings at 20.31% suggest confidence from larger investors.
In the broader market context, Carraro India's short-term performance has been slightly lagging compared to the Sensex, which has risen by 0.88% over the past week, while Carraro's stock has only increased by 0.23%. However, the company's healthy long-term growth prospects and attractive valuation, with a return on capital employed (ROCE) of 20.9, provide a positive outlook. The decline in investor participation, with a significant drop in delivery volume, may indicate some caution among retail investors, but the overall fundamentals remain strong, supporting the stock's recent upward movement.