Why is Kirl.Pneumatic falling/rising?

As of 15-Jul, Kirloskar Pneumatic Company Ltd's stock price is rising, currently at 1,404.95, reflecting an increase of 39.05 or 2.86%. Today's price summary indicates that the stock outperformed its sector by 2.08% and experienced a trend reversal after two consecutive days of decline. It opened with a gain of 4.31% and reached an intraday high of Rs 1,424.8. Despite a negative return of -1.48% over the past week, the stock has shown a positive return of +5.75% over the last month and has consistently generated returns over the last three years, outperforming the BSE500 in each of the last three annual periods. The company has demonstrated healthy long-term growth, with operating profit increasing at an annual rate of 34.89%, and has declared positive results for the last five consecutive quarters.
In the broader market context, while the stock has underperformed the benchmark Sensex in the short term with a -1.48% return compared to the benchmark's -1.36% over the past week, it has outperformed the benchmark over the last month. The stock's high institutional holdings at 36.93% suggest strong investor confidence, as these investors typically possess better analytical capabilities. However, the stock's valuation is considered expensive with a Price to Book Value of 8.3, despite a solid return on equity of 19.5%. This combination of strong fundamentals and high institutional interest, along with a recent upward price movement, contributes to the stock's rising price.