Why is Escorts Kubota falling/rising?

As of 23-Sep, Escorts Kubota Ltd's stock price is rising, currently at 3,738.00, reflecting an increase of 89.25 or 2.45%. Today's performance indicates a trend reversal as the stock has gained after two consecutive days of decline. It has outperformed its sector by 0.69% and reached an intraday high of Rs 3751.05, which is a 2.8% increase. Over the past week, the stock has shown a return of +1.98%, while its performance over the last month stands at +4.50%. Despite a significant drop in delivery volume by 52.58% against the 5-day average, the stock remains liquid enough for trading, and it is currently trading above all key moving averages. The company has a low debt-to-equity ratio and has reported strong operating cash flow and profit margins, contributing positively to its recent price movement.
In the broader market context, the stock's short-term performance has been favorable compared to the benchmark Sensex, which has declined by 0.34% over the past week. While the stock has generated a return of -11.72% over the past year, it has outperformed the Sensex, which has seen a decline of only 3.33% during the same period. The stock's valuation appears expensive with a price-to-book value of 4, yet it trades at a discount compared to its peers' historical valuations. The company's strong fundamentals, including a significant increase in profits despite the stock's recent underperformance, suggest that the current rise may be driven by investor confidence in its long-term potential.