Why is KRN Heat Exchan falling/rising?

As of 19-Aug, KRN Heat Exchanger and Refrigeration Ltd is experiencing a price increase, currently at Rs 912.20, reflecting a rise of 41.2 points or 4.73%. The stock has shown strong performance today, outperforming its sector by 2.68% and achieving a consecutive gain over the last two days with a total return of 6.8%. It reached an intraday high of Rs 919.6, and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The company has demonstrated high management efficiency with a return on equity of 20.30% and a low debt to EBITDA ratio of 0.37 times, indicating strong financial health. Additionally, net sales have grown significantly, and institutional investors have increased their stake, suggesting positive sentiment around the stock.
In the broader market context, KRN Heat Exchanger's short-term return of 1.64% over the past week is slightly below the benchmark Sensex's return of 1.76% for the same period. However, the stock has outperformed the Sensex over the past month with a return of 7.43% compared to the benchmark's slight decline of 0.14%. The engineering sector, in which KRN operates, has also seen gains of 2.09%, contributing to the positive momentum. Despite a recent decline in investor participation, the overall indicators suggest a favorable outlook for the stock, supported by strong fundamentals and increasing institutional interest.