Why is KRN Heat Exchan falling/rising?

As of 07-Jul, KRN Heat Exchanger and Refrigeration Ltd is experiencing a significant rise in its stock price, currently at 932.95, reflecting an increase of 119.5 or 14.69%. Today's price summary indicates that the stock has outperformed its sector by 14.94% and has reversed a downward trend after two consecutive days of decline. The stock reached an intraday high of Rs 941.6, showcasing a strong performance with a wide trading range of Rs 134.6. Additionally, KRN has demonstrated robust returns over various periods, including a 23.64% increase over the past month and a 33.02% rise year-to-date. The company benefits from high management efficiency, evidenced by a return on equity (ROE) of 20.30%, and a low debt to EBITDA ratio of 0.37 times, which supports its ability to service debt effectively. Furthermore, the recent positive financial results, including a 38.3% growth in net sales, contribute to the stock's upward momentum.
In the broader market context, KRN Heat Exchanger's short-term performance stands in stark contrast to the benchmark, with the stock gaining 9.95% over the past week while the Sensex has declined by 0.20%. This divergence highlights the stock's strong relative strength amidst a generally weaker market environment. Despite a decrease in investor participation, as indicated by a 37.05% drop in delivery volume compared to the five-day average, the stock remains liquid enough for trading, suggesting continued interest from investors. Overall, the combination of strong financial performance, effective management, and favorable market conditions has driven the stock's recent rise.