Why is Greaves Cotton falling/rising?

As of 02-Sep, Greaves Cotton Ltd. is experiencing a significant rise in its stock price, currently at 226.50, which reflects an increase of 21.25 or 10.35%. The stock has outperformed its sector by 11.16% today and has shown a consecutive gain over the last two days, accumulating a total return of 14.54% in this period. Additionally, the stock has been trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. The company has also reported a remarkable growth in net profit of 1262.75% and has declared positive results for the last two consecutive quarters, contributing to the stock's positive momentum.
In the broader market context, Greaves Cotton's performance stands out as it has generated a return of 38.03% over the past year, while the benchmark Sensex has declined by 2.91%. This stark contrast highlights the stock's resilience amid a generally negative market environment, where the BSE500 has produced negative returns of -4.82% in the last year. The rising investor participation, evidenced by a 9.33% increase in delivery volume, further supports the stock's upward trajectory, suggesting strong market confidence in Greaves Cotton's future performance.