Why is K E C Intl. falling/rising?

As of 26-Jun, K E C International Ltd's stock price is rising, currently at 934.65, with an increase of 8.55 (0.92%). The stock has shown strong performance recently, outperforming its sector by 1.09% today and achieving a consecutive gain over the last three days, resulting in a total return of 5.61% during this period. It has also touched an intraday high of Rs 947.3. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bullish trend. Additionally, the company has reported a significant growth in net profit of 76.74% and has consistently declared positive results for the last six quarters, contributing to investor confidence. With a high return on capital employed (ROCE) and a favorable PEG ratio, the stock is perceived as fairly valued compared to its peers, further supporting its upward movement.
In the broader market context, K E C International Ltd has outperformed the benchmark Sensex over the past week and month, with returns of 5.02% and 8.52%, respectively, compared to the Sensex's 2.94% and 1.92%. This strong relative performance suggests that investor sentiment towards the stock is positive, especially given its substantial institutional holdings of 39.6%, which indicates confidence from more sophisticated investors. The company's significant market capitalization and its dominance in the sector, constituting 29.22% of the entire industry, also contribute to its resilience and attractiveness in the current market environment.