Why is India Motor Part falling/rising?

As of 09-Jul, India Motor Parts & Accessories Ltd is experiencing a price increase, with the current price at 1,160.00, reflecting a rise of 20.1 or 1.76%. Today's price summary indicates that the stock has outperformed its sector by 2.13% and has shown a trend reversal after two consecutive days of decline. It opened with a significant gain of 4.28% and reached an intraday high of Rs 1188.65. Despite this positive movement, there is a noted decrease in investor participation, with delivery volume falling by 52.6% compared to the five-day average. The stock is trading above all key moving averages, suggesting a bullish trend. Over the past year, the stock has generated a return of 2.29%, while profits have increased by 16.7%, contributing to its attractive valuation with a low Price to Book Value of 0.6.
In the broader market context, the stock's short-term performance over the past week shows a return of +0.96%, which is significantly higher than the Sensex's +0.15%. This indicates that India Motor Parts & Accessories Ltd is currently outperforming the benchmark index in the short term. However, it is important to note that the year-to-date return for the stock is -5.72%, contrasting with the Sensex's +6.91%, suggesting that while the stock is experiencing a temporary rise, it has struggled in the broader market over a longer period.