Why is Kalpataru Proj. falling/rising?

As of 15-Jul, Kalpataru Projects International Ltd is experiencing a price increase, currently at 1,219.65, reflecting a rise of 21.95 or 1.83%. The stock has shown positive performance today, outperforming its sector by 0.82% and achieving a consecutive gain over the last two days with a total return of 2.49%. It reached an intraday high of Rs 1223.1, and it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite a significant drop in delivery volume by 83.07% compared to the 5-day average, the stock's attractive valuation, indicated by a high operating profit to interest ratio and strong net sales, supports its recent upward movement. Additionally, high institutional holdings at 56.63% suggest confidence from more knowledgeable investors, which may positively influence retail investor sentiment.
In the broader market context, Kalpataru Projects has outperformed the benchmark Sensex in the short term, with a 1-week return of +2.79% compared to the Sensex's -1.36%. While the stock has underperformed on a year-to-date basis with a return of -6.08% against the Sensex's +5.67%, its strong performance over the last three years, with a return of +234.84%, indicates a long-term growth potential that may be attracting investors. The recent positive financial results and the stock's trading at a discount relative to its peers further enhance its appeal, contributing to the current price rise.