Why is Carraro India falling/rising?

As of 24-Sep, Carraro India Ltd is experiencing a price increase, currently at Rs 483.00, reflecting a rise of Rs 14.7 or 3.14%. The stock has shown strong performance recently, with a 1-week return of +8.77% and a 1-month return of +12.85%, significantly outperforming the Sensex, which has declined by 1.18% over the same week and gained only 0.50% over the month. Today's trading performance indicates that the stock has outperformed its sector by 4.18%, reaching an intraday high of Rs 487.15. Additionally, Carraro India is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite a notable drop in delivery volume, which fell by 83.51% 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%.
In the broader market context, Carraro India's recent short-term performance contrasts sharply with the benchmark, as it has gained significantly while the Sensex has struggled. The stock's year-to-date performance shows a decline of 24.19%, while the Sensex has increased by 4.58%, indicating a challenging environment for the company over a longer period. However, the high institutional holdings at 20.31% suggest confidence from more knowledgeable investors, which may contribute to the stock's recent upward movement. Overall, while the stock has faced challenges in the past year, its recent performance and strong fundamentals appear to be driving its current rise.