Why is Force Motors falling/rising?

As of 17-Oct, Force Motors Ltd's stock price is rising, currently at Rs 17,566.80, reflecting an increase of Rs 940.2 or 5.65%. The stock has shown strong performance today, outperforming its sector by 6.11% and achieving a consecutive gain over the last six days, with a total return of 14.81% during this period. Additionally, the stock has demonstrated impressive long-term growth, with a year-to-date increase of 169.61% and a remarkable 1205.50% rise over the past three years. The company has consistently reported positive results, including a 38.37% growth in profit after tax over the last six months, which has likely contributed to the stock's upward momentum. However, there has been a notable decline in investor participation, with delivery volume dropping by 71.86% against the five-day average.
In the broader market context, Force Motors' short-term return of 11.34% over the past week significantly outpaces the Sensex, which has only increased by 1.76% during the same period. This strong relative performance indicates that the stock is attracting investor interest despite the recent decline in delivery volumes. The increase in institutional investor participation, with a 1.64% rise in their stake, suggests a growing confidence in the company's fundamentals, further supporting the stock's upward trajectory. Overall, the combination of solid financial performance, consistent returns, and institutional backing appears to be driving the stock's rise in the current market environment.