Why is Escorts Kubota falling/rising?

As of 04-Sep, Escorts Kubota Ltd is currently priced at 3,633.05, reflecting a decrease of 26.95 points, or 0.74%. Despite this decline, the stock has shown positive momentum in the short term, with a 4.65% increase over the past week and a 7.16% rise over the past month. Today, the stock opened with a significant gain of 6.97% and reached an intraday high of Rs 4,171.35, indicating high volatility with a wide trading range of Rs 565.7. The stock is trading above its moving averages across various time frames, and there has been a notable increase in investor participation, with delivery volume rising by 118.15% compared to the five-day average. The company benefits from a low debt-to-equity ratio and strong operating cash flow, which supports its valuation despite a high price-to-book ratio.
Broader market context shows that while Escorts Kubota has experienced a decline of 3.56% over the past year, it has outperformed the Sensex, which has decreased by 1.98% in the same period. The stock's year-to-date return of 9.21% also surpasses the Sensex's 3.30% gain, indicating stronger relative performance. This suggests that despite the current price drop, the stock remains attractive to investors due to its solid fundamentals and positive operational results, positioning it favorably against broader market trends.