Why is Eimco Elecon(I) falling/rising?

As of 04-Jul, Eimco Elecon (India) Ltd is experiencing a significant rise in its stock price, currently at 2,965.00, reflecting an increase of 353.0 or 13.51%. The stock has shown strong performance today, outperforming its sector by 13.29% and achieving a consecutive gain over the last two days with a total return of 14.39%. Additionally, the stock has traded in a wide range, reaching an intraday high of Rs 3001.1. Over the past week, Eimco Elecon has delivered a remarkable 22.77% return, and its year-to-date performance stands at 44.63%, significantly outperforming the benchmark Sensex, which has only increased by 6.77%. The company has demonstrated consistent returns over the last three years, with a notable annual growth rate of 117.62% in operating profit, contributing to positive investor sentiment.
In the broader market context, while the Sensex has seen a slight decline of 0.74% over the past week, Eimco Elecon's strong upward movement highlights its resilience and attractiveness to investors. The stock's performance is further supported by a low debt-to-equity ratio and positive financial results, including the highest operating profit to net sales ratio recorded. However, it is worth noting that there has been a decrease in investor participation, with delivery volume falling by 7.17% against the five-day average. Despite this, the stock remains liquid enough for trading, indicating ongoing interest from investors. Overall, the combination of strong financial performance and favorable market conditions has contributed to the stock's rising price.