Why is Kennametal India falling/rising?

As of 13-Nov, Kennametal India Ltd is experiencing a significant rise in its stock price, currently at 2,523.60, reflecting an increase of 291.0 or 13.03%. Today's price summary indicates that the stock has outperformed its sector by 12.63% and has shown a trend reversal after two consecutive days of decline. The stock reached an intraday high of Rs 2569, marking a 15.07% increase, and has exhibited high volatility with an intraday volatility of 7.29%. Over the past week, the stock has gained 16.72%, and over the past month, it has risen by 21.19%, although it has underperformed on a year-to-date basis with a decline of 14.94%. The company benefits from a low debt-to-equity ratio and has demonstrated healthy long-term growth, with operating profit increasing at an annual rate of 51.31%. However, it faces challenges with a high valuation reflected in its price-to-book ratio and has underperformed the market over the past year.
Broader Market Context: In comparison to the benchmark Sensex, which has increased by 1.40% over the past week and 2.61% over the past month, Kennametal India's short-term performance has significantly outpaced the broader market. Despite this recent surge, the stock has struggled over the longer term, with a year-to-date decline of 14.94% compared to the Sensex's gain of 8.11%. The stock's recent positive momentum may be attributed to rising investor participation and favorable quarterly results, but it still faces scrutiny due to its overall underperformance relative to market averages in the past year.