Why is Kirl.Pneumatic falling/rising?

As of 02-Jul, Kirloskar Pneumatic Company Ltd is experiencing a slight increase in its stock price, currently at Rs 1,460.20, reflecting a change of 1.25 (0.09%) upwards. The stock has shown a positive trend recently, gaining 3.34% over the last two days and outperforming the Sensex with a 1-week return of 2.06% compared to the benchmark's 0.79%. Additionally, the company has demonstrated strong performance indicators, including a high operating profit growth rate of 34.89% annually and positive results for the last five consecutive quarters, which have contributed to investor confidence. The stock is also trading above its various moving averages, indicating a bullish trend, and has seen increased investor participation with a significant rise in delivery volume.
In the broader market context, Kirloskar Pneumatic's short-term performance has outpaced the Sensex, which has only gained 0.79% over the past week. Despite a year-to-date decline of 5.67%, the stock has shown resilience with a 7.97% return over the past year, outperforming the BSE500 in each of the last three annual periods. The high institutional holdings at 36.93% suggest that informed investors are backing the stock, further supporting its upward movement. Overall, the combination of strong financial performance, positive market sentiment, and favorable trading conditions has contributed to the stock's recent rise.