Why is Krishanveer Forg falling/rising?

As of 09-Jul, Krishanveer Forge Ltd is experiencing a price increase, currently at Rs 118.50, which reflects a rise of Rs 9.3 or 8.52%. The stock has shown strong performance today, outperforming its sector by 9.11% and achieving a consecutive gain over the last three days with a total return of 21.91%. Additionally, the stock has consistently outperformed the benchmark Sensex, with a one-week return of 19.16% compared to the Sensex's 0.15%, and a one-month return of 28.71% against 1.32%. The company has a low debt-to-equity ratio and a return on equity (ROE) of 13.3, indicating fair valuation, while its profits have risen significantly by 41.4% over the past year.
In the broader market context, Krishanveer Forge's short-term performance is notably strong when compared to the Sensex, which has only seen modest gains. The stock's liquidity is adequate, and there has been a significant increase in investor participation, with delivery volume rising by over 200% against the five-day average. The stock's consistent returns over the last three years and its ability to outperform the BSE500 in each of the last three annual periods further bolster investor confidence, contributing to its recent upward price movement.