Why is Kirloskar Indus. falling/rising?

As of 16-Jul, Kirloskar Industries Ltd is experiencing a price increase, with its current price at Rs 4,548.00, reflecting a rise of Rs 132.15 or 2.99%. The stock has shown strong performance recently, outperforming its sector by 2.8% today and achieving a consecutive gain over the last two days, resulting in a total return of 12.13% during this period. Additionally, the stock has performed well over the past week and month, with returns of +8.00% and +22.32%, respectively. The company is trading above all its moving averages, indicating a positive trend. Furthermore, the stock's ability to service debt is strong, supported by a low Debt to EBITDA ratio of 1.08 times, and it has demonstrated healthy long-term growth with net sales increasing at an annual rate of 28.50%.
In the broader market context, while Kirloskar Industries has outperformed the Sensex in the short term, with a 1-week return of +8.00% compared to the Sensex's -1.08%, its year-to-date performance shows a modest gain of 1.64%, lagging behind the Sensex's 5.75%. Despite the recent positive momentum, the stock has faced challenges over the past year, with a decline of -23.69% and a significant drop in profits by -40.7%. However, the stock is currently trading at a discount compared to its peers' average historical valuations, which may attract investor interest moving forward.