Why is Kirl. Ferrous falling/rising?

As of 29-Aug, Kirloskar Ferrous Industries Ltd is experiencing a price increase, currently at 549.55, reflecting a rise of 8.2 or 1.51%. Today's price summary indicates that the stock has outperformed its sector by 2.4% and has shown a trend reversal after two consecutive days of decline, reaching an intraday high of Rs 553. Although the stock has underperformed in the short term with a 1-week return of -0.08% and a 1-month return of -2.77%, it has demonstrated significant long-term growth with a 3-year return of +112.47% and a 5-year return of +503.57%. The company benefits from high management efficiency, a strong ability to service debt, and positive financial results, which contribute to its recent upward movement.
In the broader market context, the Sensex has declined by 1.84% over the past week and 1.88% over the past month, indicating that Kirloskar Ferrous's short-term performance is relatively better than the benchmark. Despite the stock's negative returns over the past year of -20.37%, its profits have increased by 2.4%, suggesting that the stock is trading at a discount compared to its peers and may be undervalued. The rising investor participation, as evidenced by a significant increase in delivery volume, further supports the stock's recent price rise, indicating renewed interest from investors despite the overall market challenges.