Why is Force Motors falling/rising?

As of 17-Jul, Force Motors Ltd's stock price is currently at Rs 16,868.20, reflecting an increase of 21.5 points or 0.13%. The stock has recently reached a new 52-week and all-time high of Rs 17,622.85, indicating strong upward momentum. Over the past week, the stock has gained 1.62%, and in the last month, it has surged by 20.25%. Additionally, the stock has shown impressive long-term performance, with a year-to-date increase of 158.88% and a remarkable 1,598.11% rise over the past three years. Despite a recent decline in delivery volume, which fell by 22.48% against the five-day average, the overall positive financial results, including consistent growth in net sales and operating profit, have contributed to the stock's upward trajectory. Furthermore, increasing participation from institutional investors, who have raised their stake by 1.64%, suggests a strong confidence in the company's fundamentals.
In the broader market context, Force Motors has outperformed the benchmark Sensex, which has declined by 1.12% over the past week while Force Motors has gained 1.62%. This trend continues in the longer term, as the stock has consistently outperformed the BSE500 over the last three years, generating significant returns compared to the benchmark. The stock's liquidity remains adequate for trading, supporting its recent price movements. Overall, the combination of strong financial performance, institutional interest, and consistent returns has positioned Force Motors favorably in the market, contributing to its rising stock price.