Why is Inox India falling/rising?

As of 20-Aug, Inox India Ltd's stock price is currently at 1,130.75, reflecting an increase of 32.1 points or 2.92%. The stock has been on an upward trend, gaining for the last four days and achieving a return of 5.55% over the past week, which has outperformed the sector by 2.8%. Despite a decline of 8.30% over the past month and a 4.58% drop over the past year, the stock's current performance is bolstered by high management efficiency, indicated by a return on equity (ROE) of 27.72%, and a low debt-to-equity ratio. Additionally, there has been an increase in institutional investor participation, with a 0.52% rise in their stake, which may contribute positively to the stock's recent movement.
In the broader market context, Inox India's short-term performance has significantly outpaced the benchmark Sensex, which has only risen by 1.64% over the past week. However, the stock's longer-term performance shows a contrast, with a year-to-date return of 2.21% compared to the Sensex's 4.76%. The stock's liquidity remains adequate for trading, although there has been a decline in delivery volume, which may indicate falling investor participation. Overall, while the recent gains are encouraging, the mixed longer-term performance and reduced trading activity suggest caution among investors.