Why is KRN Heat Exchan falling/rising?

As of 01-Jul, KRN Heat Exchanger and Refrigeration Ltd's stock is currently priced at 855.50, reflecting an increase of 6.95 (0.82%). The stock has shown a positive performance today, outperforming its sector by 1.77% and has been on a consecutive gain for the last two days, rising a total of 4.07% during this period. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. Despite a decrease in investor participation, with delivery volume falling by 26.05% against the 5-day average, the company demonstrates high management efficiency with a return on equity (ROE) of 20.30%, a low debt to EBITDA ratio of 0.37 times, and robust long-term growth, as evidenced by a 32.00% annual growth rate in net sales.
In the broader market context, KRN Heat Exchanger's stock has returned 11.54% over the past month, which is significantly higher than the Sensex's return of 2.76% during the same period. While the stock's performance has been strong year-to-date with a 21.98% increase compared to the Sensex's 7.11%, the recent decline in delivery volume may suggest a potential concern for future liquidity. However, the company's strong financial results, including a 52.66% growth in net sales and a 43.39% increase in profit after tax for the nine-month period, support the stock's positive momentum amidst a generally favorable market environment.