Why is KRBL falling/rising?

As of 12-Aug, KRBL Ltd. is experiencing a rise in its stock price, currently at 447.85, with an increase of 1.2 (0.27%). The stock has recently hit a new 52-week high of Rs. 470.95 and has shown strong performance, gaining 22.36% over the last three days. It has outperformed its sector by 1.24% today and is trading above all its moving averages, indicating a positive trend. Additionally, the company has reported impressive financial growth, with net sales increasing by 20.22% and profit after tax rising by 26.5% compared to previous quarters. The low debt-to-equity ratio and increased institutional investor participation, which has risen by 1.79% in the last quarter, further support the stock's upward movement.
In the broader market context, KRBL's short-term return of +18.60% over the past week significantly outperforms the Sensex, which has declined by 0.59% during the same period. This strong performance is indicative of investor confidence in KRBL, especially as it has consistently outperformed the BSE500 over various time frames, including the last three years and one year, where it generated a return of 57.75%. The rising interest from institutional investors suggests a favorable outlook for the company, contributing to its current stock price increase amidst a generally challenging market environment.