Why is Greaves Cotton falling/rising?

As of 18-Sep, Greaves Cotton Ltd. is experiencing a rise in its stock price, currently at Rs 224.40, reflecting an increase of Rs 2.25 or 1.01%. The stock has shown strong performance today, outperforming its sector by 1.56% and reaching an intraday high of Rs 227.8, which is a 2.54% increase. Over the past week, the stock has gained 4.81%, and over the past month, it has risen by 5.01%. Despite a year-to-date decline of 19.15%, the stock has performed well over the last year with a return of 24.39%. The company has reported significant growth in net profit and has maintained positive results over the last two quarters, contributing to its favorable market perception.
In the broader market context, while the BSE500 index has generated negative returns of -1.96% over the past year, Greaves Cotton's ability to deliver a 24.39% return highlights its resilience and market-beating performance. However, there is a noted decline in investor participation, with delivery volume dropping by 36.39% compared to the 5-day average, which may indicate a potential concern for future trading activity. Despite this, the stock remains liquid enough for trading, and its low debt-to-equity ratio suggests financial stability, supporting its recent upward movement.