Why is JTEKT India falling/rising?

As of 17-Sep, JTEKT India Ltd's stock price is currently at Rs 174.00, reflecting an increase of Rs 2.0 or 1.16%. The stock has been on an upward trend, gaining 5.52% over the last four days and outperforming its sector by 1.2% today. It has also shown strong performance over various periods, with a 46.16% increase over the past month and a 74.00% rise over the last three years. Despite a recent decline in delivery volume by 70.82% against the five-day average, the stock is trading above all key moving averages, indicating positive momentum. The company benefits from a low debt-to-equity ratio and healthy long-term growth, with operating profit increasing at an annual rate of 42.67%. However, it is noteworthy that profits have fallen by 31.5% over the past year, which could temper investor enthusiasm.
In the broader market context, JTEKT India has outperformed the Sensex, which has risen by 1.56% over the past week, while JTEKT's stock increased by 2.65%. This trend of outperformance is consistent across longer time frames, with JTEKT generating a return of 2.65% over the past year compared to a decline of 0.46% in the Sensex. The increasing participation of institutional investors, who now hold 11.15% of the company, suggests a growing confidence in the stock's fundamentals, further supporting its price rise. Overall, the combination of strong short-term performance, institutional interest, and favorable financial metrics contributes to the stock's upward movement.