Why is JTEKT India falling/rising?

As of 18-Sep, JTEKT India Ltd's stock price is currently at 175.10, reflecting an increase of 1.1 (0.63%). The stock has been on a positive trajectory, gaining for the last five days and achieving a return of 6.19% over that period. It reached an intraday high of Rs 182.7, indicating strong performance. However, there has been a notable decline in investor participation, with delivery volume falling by 30.67% compared to the five-day average. Despite this, the stock is trading above its moving averages and has shown impressive long-term growth, with operating profit increasing at an annual rate of 42.67%. Institutional investors have also increased their stake, which may contribute to the stock's upward momentum.
In the broader market context, JTEKT India has outperformed the Sensex, with a 1-week return of 6.19% compared to the benchmark's 1.80%. This trend of outperformance is consistent across various time frames, including a 41.21% return over the past month versus the Sensex's 2.14%. The stock's ability to maintain a low debt-to-equity ratio and its fair valuation compared to peers further supports its positive outlook. Overall, while the stock is experiencing a rise, the decrease in delivery volume suggests caution among retail investors, even as institutional interest remains strong.