Why is Krishanveer Forg falling/rising?

As of 18-Sep, Krishanveer Forge Ltd's stock price is rising, currently at Rs 145.90, reflecting an increase of Rs 2.6 or 1.81%. The stock has shown strong performance recently, gaining 8.07% over the past month and outperforming its sector by 1.17% today. It has been on a consecutive gain streak for the last three days and is now just 2.09% away from its 52-week high of Rs 148.95. The stock opened with a gain of 2.58% today and reached an intraday high of Rs 147. Additionally, the company has a low debt-to-equity ratio and a solid return on equity of 14.1%, indicating a fair valuation. The stock's consistent returns over the past three years and significant profit growth of 29.9% over the last year further bolster investor confidence.
In the broader market context, Krishanveer Forge Ltd has outperformed the benchmark Sensex, which has only increased by 1.80% over the past week, while the stock itself has risen by 4.25%. This trend of outperformance is consistent, as the stock has generated a year-to-date return of 40.29% compared to the Sensex's 6.24%. The rising investor participation, indicated by a 130.63% increase in delivery volume, suggests growing interest in the stock, contributing to its upward price movement. Overall, the combination of strong financial metrics, consistent performance, and favorable market conditions has led to the stock's recent rise.