Why is Kirloskar Indus. falling/rising?

As of 17-Sep, Kirloskar Industries Ltd is experiencing a price increase, currently at Rs 4,062.10, reflecting a rise of 87.1 points or 2.19%. The stock has shown a positive trend recently, gaining for the last two days with a total return of 4.95% during this period. It outperformed its sector by 1.93% today and reached an intraday high of Rs 4,130, which is a 3.9% increase. Over the past week, the stock has risen by 7.84%, while its performance over the last month stands at 6.76%. Despite a year-to-date decline of 9.22% and a significant drop of 24.78% over the past year, the company demonstrates strong fundamentals, including a low Debt to EBITDA ratio of 1.08 times and healthy long-term growth in net sales and operating profit.
In the broader market context, the Sensex has increased by 1.56% over the past week and 2.60% over the past month, indicating that Kirloskar Industries Ltd has outperformed the benchmark in the short term. The stock's liquidity is adequate, with a delivery volume increase of 3.37% compared to the five-day average, suggesting rising investor participation. While the stock is trading at a discount compared to its peers, it has faced challenges with a significant profit decline of 31.5% over the past year. This combination of strong recent performance, positive investor sentiment, and attractive valuation metrics contributes to the stock's upward movement, despite its longer-term struggles.