Why is Carraro India falling/rising?

As of 22-Sep, Carraro India Ltd is experiencing a price increase, currently at Rs 471.95, which reflects a rise of Rs 16.7 or 3.67%. The stock has shown strong performance recently, outperforming its sector by 3.78% today and achieving a consecutive gain over the last three days, with a total return of 6.28% during this period. It is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite a significant drop in delivery volume by 85.24% against the 5-day average, the company maintains a strong ability to service debt with a low Debt to EBITDA ratio of 0.95 times and has demonstrated healthy long-term growth with an annual operating profit increase of 53.98%. Additionally, high institutional holdings at 20.31% suggest confidence from more sophisticated investors.
In the broader market context, Carraro India's short-term performance of +10.27% over the past month significantly outpaces the Sensex's +1.05% during the same period. However, it is important to note that the stock has underperformed year-to-date, with a decline of 25.93% compared to the Sensex's gain of 5.15%. This contrast indicates that while the stock is currently on an upward trajectory, it has faced challenges over a longer timeframe, highlighting a mixed performance relative to the broader market.