Why is KRN Heat Exchan falling/rising?

As of 22-Jul, KRN Heat Exchanger and Refrigeration Ltd's stock price is rising, currently at Rs 851.00, reflecting an increase of Rs 20.15 or 2.43%. The stock has shown a trend reversal, gaining after three consecutive days of decline, and has outperformed its sector by 3.06% today. It reached an intraday high of Rs 863.95, which is a 3.98% increase. Over the past month, the stock has risen by 4.26%, while year-to-date, it has significantly outperformed the benchmark with a gain of 21.34%. The company demonstrates strong fundamentals, including a high return on equity (ROE) of 20.30% and a low debt to EBITDA ratio of 0.37, indicating solid management efficiency and debt servicing capability. Additionally, net sales have shown healthy growth, increasing at an annual rate of 32.00%, which has likely contributed to positive investor sentiment.
Broader Market Context: In the short term, KRN Heat Exchanger's stock has declined by 0.95% over the past week, while the benchmark Sensex has decreased by only 0.47%, indicating a relative underperformance in that timeframe. However, the stock's year-to-date performance of 21.34% compared to the Sensex's 5.18% suggests that it has been a strong performer overall. The recent increase in institutional investor participation, with a 0.92% rise in their stake, further supports the stock's upward movement, as these investors typically have more resources to analyze the company's fundamentals. Despite a drop in delivery volume, the liquidity remains sufficient for trading, which may also contribute to the stock's resilience in the market.