Why is Escorts Kubota falling/rising?

As of 05-Sep, Escorts Kubota Ltd is experiencing a rise in its stock price, currently at 3,685.60, with an increase of 52.55 or 1.45%. The stock has shown strong performance today, outperforming its sector by 0.25% and reaching an intraday high of Rs 3721.15, reflecting a 2.42% increase. Over the past week, the stock has gained 3.18%, and over the last month, it has risen by 7.88%. Additionally, the company has demonstrated significant investor interest, with a delivery volume increase of 1546.62% compared to the 5-day average. Positive financial indicators, such as a low debt-to-equity ratio and strong operating cash flow, further support the stock's upward movement, despite a relatively high valuation indicated by its price-to-book ratio.
Broader market context shows that while the Sensex has increased by only 1.13% over the past week, Escorts Kubota's performance has significantly outpaced this benchmark. The stock's year-to-date return of 10.79% also surpasses the Sensex's 3.29% increase, highlighting its strong relative performance. Despite a slight decline of 1.35% over the past year, the company's profits have risen by 42.9%, suggesting that the stock may be undervalued compared to its peers. This combination of strong financial results and favorable market conditions contributes to the stock's rising price.