Why is KRBL falling/rising?

As of 21-Jul, KRBL Ltd. is experiencing a positive price movement, with its current price at Rs. 415.00, reflecting an increase of Rs. 7.8 or 1.92%. The stock has recently hit a new 52-week high of Rs. 415.5 and has shown strong performance over the last five days, gaining 9.41%. Additionally, it has outperformed its sector by 1.39% today. The stock is trading above all key moving averages, indicating a bullish trend. Positive financial results, including the highest quarterly PBDIT and operating profit margins, along with a low debt-to-equity ratio, contribute to its attractive valuation. Furthermore, institutional investors have increased their stake, suggesting growing confidence in the company's fundamentals, despite a noted decline in profits over the past year.
In the broader market context, KRBL's short-term performance stands in stark contrast to the benchmark, as it has generated a return of 9.41% over the past week while the Sensex has remained nearly flat with a change of -0.06%. Over the last month, KRBL has outperformed the benchmark with a return of 20.57% compared to the Sensex's -0.25%. This significant outperformance highlights the stock's strong market position and investor interest, particularly in light of the recent increase in institutional participation. However, it is important to note the risks associated with the company's long-term growth, as operating profit has declined at an annual rate of -6.26% over the last five years.