Why is KRBL falling/rising?

As of 10-Oct, KRBL Ltd. is experiencing a price increase, with its current price at Rs 370.80, reflecting a rise of Rs 23.35 or 6.72%. Today's performance indicates that the stock has outperformed its sector by 2.63%, reaching an intraday high of Rs 373.65. Over the past week, the stock has shown a positive return of 6.41%, although it has faced a decline of 15.93% over the past month. The company has reported strong financial results, with net sales growing by 20.22% and a significant increase in profit after tax by 26.5%. Additionally, institutional investors have increased their stake, which may contribute to positive sentiment around the stock.
Broader Market Context: In comparison to the benchmark Sensex, which has gained 1.59% over the past week, KRBL's performance is notably stronger. Despite a negative return of -1.51% in the broader market over the last year, KRBL has managed to deliver a remarkable return of 28.93%. This outperformance, coupled with a low debt-to-equity ratio and attractive valuation metrics, suggests that the stock is viewed favorably by investors, particularly institutional ones, who have the resources to analyze the company's fundamentals more effectively than retail investors.