Why is Carraro India falling/rising?

As of 31-Oct, Carraro India Ltd's stock price is currently at Rs 521.00, reflecting an increase of Rs 10.6, or 2.08%. The stock has shown strong performance recently, gaining 8.01% over the last three days and outperforming its sector by 2.71% today. It has also touched an intraday high of Rs 530.65. In terms of returns, the stock has increased by 3.29% over the past week and 14.75% over the past month, while it has underperformed year-to-date with a decline of 18.23%. The company's strong fundamentals, such as a low Debt to EBITDA ratio of 0.95 times and a significant annual growth rate in operating profit of 53.98%, contribute positively to its recent price movement. Additionally, high institutional holdings at 20.64% suggest confidence from knowledgeable investors, further supporting the stock's upward trend.
In the broader market context, while Carraro India has outperformed the Sensex by a notable margin in the short term, the benchmark index has shown a slight decline of 0.32% over the past week. This contrast highlights the stock's relative strength amidst a challenging market environment. The stock's liquidity, indicated by a significant increase in delivery volume, also suggests heightened investor interest, which may be driving the price upward. Overall, the combination of strong recent performance, positive investor sentiment, and solid financial fundamentals positions Carraro India favorably in the current market landscape.