Why is KRBL falling/rising?

As of 18-Jul, KRBL Ltd. is experiencing a price increase, currently at 407.20, reflecting a rise of 9.0 or 2.26%. The stock has recently hit a new 52-week high of Rs. 412.65 and has outperformed its sector by 2.08%. Over the past four days, KRBL has shown a consecutive gain, rising 7.36% during this period. Additionally, the stock's performance over various time frames has been strong, with a 1-month return of 15.73% and a year-to-date return of 35.39%. Despite a decline in delivery volume by 31.25% against the 5-day average, the stock remains liquid enough for trading. Positive factors contributing to this rise include a low debt-to-equity ratio, strong quarterly results, and increased participation from institutional investors, who have raised their stake in the company.
In the broader market context, KRBL's recent performance stands out as the benchmark index, Sensex, has shown a decline of 0.90% over the past week. While the market has generated negative returns of -0.36% over the last year, KRBL has managed to achieve a significant return of 30.20%, indicating its resilience and attractiveness to investors. This contrast highlights KRBL's ability to outperform the market despite broader economic challenges, further bolstered by its appealing valuation metrics and the increasing confidence from institutional investors.