Why is KRN Heat Exchan falling/rising?

As of 19-Sep, KRN Heat Exchanger and Refrigeration Ltd is experiencing a price increase, currently at Rs 887.00, reflecting a rise of Rs 16.85 or 1.94%. The stock has outperformed its sector by 2% today, reaching an intraday high of Rs 889.6. Over the past week, the stock has shown a positive return of 4.29%, although it has declined by 2.76% over the past month. Notably, the company has demonstrated strong financial health with a high return on equity of 20.30% and a low debt to EBITDA ratio of 0.37 times. Additionally, net sales have grown significantly, and institutional investors have increased their stake, indicating confidence in the company's fundamentals.
In the broader market context, KRN Heat Exchanger's recent performance stands out against the Sensex, which has only risen by 0.88% over the past week. This suggests that the stock's upward movement is not merely a reflection of general market trends but is driven by specific positive factors related to the company's performance and investor sentiment. Despite a decline in delivery volume by 24.29% against the 5-day average, the stock remains liquid enough for trading, indicating ongoing interest. Overall, the combination of strong financial metrics and increased institutional participation supports the stock's rising price.