Why is Eimco Elecon(I) falling/rising?

As of 30-Jun, Eimco Elecon (India) Ltd's stock price is rising, currently at 2,590.00, reflecting an increase of 175.0 or 7.25%. The stock has shown strong performance today, outperforming its sector by 6.08% and reaching an intraday high of Rs 2599.6, which is a 7.64% increase. Over the past week, the stock has gained 9.02%, and it has consistently outperformed the Sensex over various periods, including a year-to-date return of 26.34% compared to the Sensex's 7.00%. The company also exhibits positive financial indicators, such as a low debt-to-equity ratio and significant growth in operating profit, which has contributed to investor confidence and the stock's upward movement.
In the broader market context, Eimco Elecon's recent performance has significantly outpaced the benchmark, with a 9.02% increase over the past week compared to the Sensex's 2.09%. This strong relative performance indicates that investor sentiment is favorable towards Eimco Elecon, likely driven by its solid financial results and consistent returns over the past three years. The rising investor participation, as evidenced by an increase in delivery volume, further supports the stock's upward trajectory. Overall, the combination of positive company-specific factors and strong relative performance against the benchmark has contributed to the stock's rise.