Why is Greaves Cotton falling/rising?

As of 05-Sep, Greaves Cotton Ltd. is currently priced at 223.90, reflecting an increase of 0.6 (0.27%). The stock has shown a positive trend today, outperforming its sector by 0.34% and reversing a two-day decline. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bullish sentiment. Over the past week, the stock has gained 13.22%, significantly outperforming the Sensex, which only increased by 1.13%. Additionally, the company has reported impressive financial results, including a 1262.75% growth in net profit and positive results for the last two consecutive quarters, contributing to its strong performance despite a year-to-date decline of 19.33%.
In the broader market context, while the BSE500 has generated negative returns of -4.41% over the past year, Greaves Cotton has managed to achieve a remarkable 33.75% return, showcasing its resilience. However, it is important to note that investor participation has decreased, with delivery volume falling by 28.42% compared to the 5-day average, which could indicate waning interest. Despite this, the stock remains liquid enough for trading, suggesting that there is still sufficient market activity. Overall, the combination of strong financial performance and recent positive price movements contributes to the stock's upward trajectory, even amidst broader market challenges.