Why is Carraro India falling/rising?

As of 15-Oct, Carraro India Ltd's stock price is currently at Rs 509.75, reflecting an increase of Rs 3.3 or 0.65%. The stock has shown a strong performance recently, gaining 10.12% over the last two days, although it underperformed its sector by 0.43% today. It reached an intraday high of Rs 519.5 and a low of Rs 494, with trading volumes significantly higher than average, indicating rising investor participation. The stock is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a positive trend. Additionally, the company has a low Debt to EBITDA ratio of 0.95 times, strong operating profit growth, and high institutional holdings, which contribute to a favorable outlook for the stock.
In the broader market context, Carraro India's short-term return of 11.25% over the past week significantly outpaces the Sensex's return of 1.02% during the same period. While the stock has experienced a year-to-date decline of 20.00%, it has shown resilience with a recent uptick in performance. The healthy long-term growth prospects, as evidenced by a 53.98% annual growth rate in operating profit and a return on capital employed (ROCE) of 20.9%, provide a solid foundation for investor confidence. Overall, the combination of strong fundamentals and recent positive price movements suggests that the stock is gaining traction despite its previous underperformance.