Why is Escorts Kubota falling/rising?

As of 05-Aug, Escorts Kubota Ltd's stock price is currently at 3,425.20, reflecting an increase of 34.85, or 1.03%. The stock has shown positive momentum, gaining for the last two days with a total return of 4.13% during this period. It opened with a gain of 2.93% today and reached an intraday high of Rs 3489.8. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. The company has also reported a significant increase in delivery volume, which rose by 65.56% against the 5-day average, suggesting rising investor participation. Positive financial results, including the highest operating cash flow and operating profit to net sales, further bolster investor confidence, despite the company having a low debt-to-equity ratio.
In the broader market context, the stock has outperformed the sector by 1.1% today, while its 1-week return of -1.66% contrasts with the Sensex's decline of 0.77%. Over the past month, Escorts Kubota has gained 2.77%, while the benchmark has fallen by 3.26%. Year-to-date, the stock has increased by 2.96%, slightly underperforming the Sensex's 3.29% gain. However, over longer periods, the stock has significantly outperformed the benchmark, with a 3-year return of 108.38% compared to the Sensex's 38.23%. This strong performance over time, combined with recent positive developments, suggests that the stock's current rise is supported by both company-specific factors and a favorable market environment.