Why is Force Motors falling/rising?

As of 22-Jul, Force Motors Ltd's stock price is rising, currently at Rs. 17,500.90, reflecting an increase of Rs. 325.55 or 1.9%. The stock has recently hit a new 52-week and all-time high of Rs. 17,662.95, and it has outperformed its sector by 1.49%. Over the past two days, the stock has gained 5.59%, and it is trading above all key moving averages, indicating strong momentum. Additionally, the stock has shown impressive returns over various periods, including a 168.59% increase year-to-date and a 114.09% rise over the past year. The company has also reported positive financial results for the last 11 consecutive quarters, with significant growth in net sales and operating profit, which has likely contributed to the stock's upward movement.
In the broader market context, Force Motors has outperformed the Sensex, which has seen a slight decline of 0.47% over the past week, while Force Motors has gained 4.45% in the same timeframe. The increasing participation of institutional investors, who have raised their stake in the company, further supports the stock's positive trajectory, as these investors typically have more resources to analyze the company's fundamentals. The stock's consistent performance over the last three years, with significant returns compared to the BSE500, reinforces investor confidence, contributing to the current rise in its price.