Why is Greaves Cotton falling/rising?

As of 15-Sep, Greaves Cotton Ltd. is experiencing a price increase, currently at Rs 223.00, which reflects a rise of Rs 7.75 or 3.6%. The stock has shown a positive performance today, outperforming its sector by 2.87%, and has gained consecutively over the last two days, accumulating a total return of 4.16% during this period. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. Despite a significant drop in delivery volume by 52.72% against the 5-day average, the company has reported a remarkable growth in net profit of 1262.75% and has declared positive results for the last two consecutive quarters, contributing to its recent price movement.
In the broader market context, Greaves Cotton has outperformed the benchmark Sensex in the short term, with a 1-week return of 2.20% compared to the Sensex's 1.24%. Over the past month, the stock has also shown a return of 6.67%, while the Sensex has returned 1.47%. This performance is particularly notable given that the stock has generated a 23.10% return over the past year, contrasting with the negative returns of -1.33% from the Sensex. The company's low debt-to-equity ratio and strong operating cash flow further support its positive outlook, reinforcing investor confidence despite the recent decline in trading volume.