Why is Krishanveer Forg falling/rising?

As of 07-Jul, Krishanveer Forge Ltd is experiencing a price increase, currently at 106.50, reflecting a rise of 9.3 or 9.57%. Today's price summary indicates that the stock has outperformed its sector by 10.36% and has shown a trend reversal after two consecutive days of decline. It opened with a gain of 2.88% and reached an intraday high of Rs 112.4, marking a 15.64% increase. The stock has demonstrated strong performance over various periods, with a 1-month return of 17.14% and a remarkable 3-year return of 131.52%. Despite a recent decline in investor participation, the company maintains a low debt-to-equity ratio and a fair valuation compared to peers, which supports its upward movement.
In the broader market context, Krishanveer Forge's short-term performance has significantly outpaced the benchmark, with a 1-week return of +6.50% compared to the Sensex's -0.20%. This indicates that while the overall market may be experiencing some challenges, Krishanveer Forge is thriving, particularly in the near term. The stock's ability to generate a return of 4.95% over the past year, alongside a substantial profit increase of 41.4%, further underscores its resilience and attractiveness to investors, despite some concerns regarding long-term growth rates in net sales and operating profit.