Why is Kirl.Pneumatic falling/rising?

As of 01-Jul, Kirloskar Pneumatic Company Ltd is experiencing a price increase, currently at 1,458.95, which reflects a rise of 45.95 or 3.25%. The stock has shown strong performance today, outperforming its sector by 4.2% and reaching an intraday high of Rs 1479, marking a 4.67% increase. Over the past week, the stock has gained 5.44%, and in the last month, it has risen by 16.52%. Despite a year-to-date decline of 5.75%, the company has demonstrated consistent growth with a 34.89% annual increase in operating profit and has reported positive results for the last five consecutive quarters, including record net sales and return on capital employed.
In the broader market context, the stock's recent performance has significantly outpaced the Sensex, which has only increased by 2.00% over the past week and 2.76% over the past month. The stock's strong institutional holdings at 36.93% suggest confidence from larger investors, who typically have better analytical resources. However, it's worth noting that there has been a decline in investor participation, with delivery volume falling by 43.92% against the five-day average, which could indicate a potential concern for future liquidity. Overall, the combination of positive financial results and strong historical returns has contributed to the stock's upward movement, despite some signs of reduced trading activity.