Why is Kalyani Forge falling/rising?

As of 22-Jul, Kalyani Forge Ltd's stock price is rising, currently at Rs 750.00, reflecting an increase of Rs 35.0 or 4.9%. Today's price summary indicates that the stock has outperformed its sector by 6.14% and has experienced a trend reversal after two consecutive days of decline. Although it opened with a loss of 4.17%, it reached an intraday high of Rs 750, and it is trading above all major moving averages. The stock has shown strong performance over the past year, generating a return of 33.10%, while profits have surged by 82.9%. Additionally, the company has reported positive results for the last three consecutive quarters, indicating robust financial health and a fair valuation compared to its peers.
In the broader market context, Kalyani Forge's short-term return of +2.31% over the past week contrasts sharply with the Sensex, which has declined by 0.47% during the same period. This outperformance highlights the stock's resilience and investor confidence, particularly given the significant increase in delivery volume, which rose by 283.23% against the five-day average. The stock's consistent returns over the last three years further reinforce its strong position in the market, as it has outperformed the BSE500 in each of the last three annual periods. Overall, the combination of positive financial results, strong market performance, and rising investor participation contributes to the stock's upward movement.