Why is Kirl. Brothers falling/rising?

As of 23-Jun, Kirloskar Brothers Ltd is experiencing a rise in its stock price, currently at Rs 1,900.00, reflecting an increase of Rs 95.25 or 5.28%. The stock has shown a positive performance today, outperforming its sector by 3.49%, and has gained consecutively over the last two days with a total return of 5.85%. Despite opening lower with a loss of 2.37%, it reached an intraday high of Rs 1,939.55, indicating strong intraday trading activity. The stock is trading above its moving averages across various timeframes, and there has been a significant increase in delivery volume, suggesting rising investor participation. The company's strong fundamentals, including a high return on equity of 15.93%, a low debt-to-equity ratio, and consistent positive results over the last five quarters, contribute to its healthy long-term growth outlook.
In the broader market context, Kirloskar Brothers Ltd has outperformed the benchmark Sensex in the short term, with a weekly return of 4.65% compared to the Sensex's 0.12%. However, it has underperformed on a year-to-date basis, with a decline of 8.21% against the Sensex's gain of 4.81%. The stock's impressive performance over the last three years, with a return of 529.56%, highlights its potential for recovery and growth, despite recent challenges. The company's significant market capitalization and its role as a major player in its sector further support its resilience in the market.