Why is Federal-Mogul Go falling/rising?

As of 04-Nov, Federal-Mogul Goetze (India) Ltd is experiencing a significant rise in its stock price, currently at Rs 509.80, reflecting an increase of Rs 37.25 or 7.88%. The stock has outperformed its sector by 7.51% today and has shown a consecutive gain over the last two days, with a total return of 10.84% during this period. The stock's performance over the past week has been notably strong, with a 9.38% increase, while its year-to-date return stands at an impressive 35.01%. Additionally, the company has demonstrated healthy long-term growth, with operating profit growing at an annual rate of 49.31%, and it maintains a low debt-to-equity ratio, which supports its attractive valuation.
Broader Market Context: In contrast to the broader market, represented by the Sensex, which has declined by 1.38% over the past week, Federal-Mogul Goetze's stock has shown resilience and strength. The stock's performance over the last year, generating a return of 30.89%, significantly outpaces the market's return of 4.72%. This strong performance, coupled with positive financial indicators such as a high return on capital employed (ROCE) and substantial cash reserves, suggests that investor confidence is bolstered, contributing to the stock's upward movement despite a generally challenging market environment.