Why is Centum Electron falling/rising?

As of 19-Sep, Centum Electronics Ltd is experiencing a price increase, currently at 2,830.00, reflecting a rise of 155.7 or 5.82%. The stock has shown strong performance today, outperforming its sector by 5.86%, and reached an intraday high of Rs 2868.5, marking a 7.26% increase. Over the past week, the stock has gained 4.63%, and year-to-date, it has surged by 33.45%. Additionally, the company has reported significant growth in its financial performance, with a 227.61% increase in profit before tax and a 196.5% increase in profit after tax for the most recent quarter. The rising participation from institutional investors, who have increased their stake by 1.45%, further supports the stock's upward movement.
In the broader market context, Centum Electronics has outperformed the Sensex, which has only increased by 0.88% over the past week. The stock's long-term performance is also noteworthy, with a remarkable 60.11% return over the past year, significantly surpassing the Sensex's decline of 0.67% during the same period. This consistent outperformance, coupled with strong financial results and increased institutional interest, positions Centum Electronics favorably in the market, contributing to its rising stock price.