Why is KRN Heat Exchan falling/rising?

As of 08-Jul, KRN Heat Exchanger and Refrigeration Ltd is experiencing a price increase, currently at 937.25, reflecting a rise of 4.3 (0.46%). The stock has shown strong performance recently, with a 15.22% increase over the last two days and a notable 9.56% gain over the past week. It is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bullish trend. Additionally, the stock has seen a significant increase in investor participation, with a delivery volume that has surged by 875.44% compared to the 5-day average. The company's strong fundamentals, including a high return on equity of 20.30% and a low debt to EBITDA ratio of 0.37 times, further support its positive price movement. Recent financial results have also been encouraging, with net sales growing at 38.3% compared to the previous four-quarter average.
In the broader market context, KRN Heat Exchanger has significantly outperformed the benchmark Sensex, which has only increased by 0.02% over the past week. The stock's year-to-date return of 33.64% also contrasts sharply with the Sensex's 7.13% gain, highlighting its strong relative performance. This outperformance indicates that investor sentiment towards KRN Heat Exchanger is particularly positive compared to the overall market, which may be contributing to its rising stock price.