Why is Excel Industries falling/rising?

As of 17-Jul, Excel Industries Ltd is experiencing a price increase, with its current price at Rs 1,392.65, reflecting a change of 44.0 points or 3.26% upward. The stock has shown strong performance today, outperforming its sector by 1.79% and reaching an intraday high of Rs 1,396.5. Over the past week, Excel Industries has gained 4.24%, and its one-year return stands at 18.57%, significantly higher than the market's return of 1.91%. The company maintains a low Debt to Equity ratio and has demonstrated impressive profit growth of 401.2% over the past year, contributing to its attractive valuation with a Price to Book Value of 1.1. However, it is worth noting that investor participation has declined, with delivery volume falling by 79.2% against the 5-day average.
Broader Market Context: In the context of the broader market, Excel Industries has outperformed the Sensex, which has seen a decline of 1.12% over the past week. The stock's year-to-date performance of 8.72% also surpasses the Sensex's 5.27% gain. This strong relative performance indicates that investor sentiment towards Excel Industries remains positive despite the overall market conditions. The stock's ability to trade above its moving averages further supports its upward momentum, suggesting resilience in its performance compared to the benchmark.