Why is KSB falling/rising?

As of 23-Jul, KSB Ltd's stock price is rising, currently at Rs 888.00, reflecting an increase of Rs 23.45 or 2.71%. The stock has shown a positive trend today, gaining after three consecutive days of decline, and has outperformed its sector by 1.16%. Additionally, KSB's performance over the past week and month has been strong, with returns of +2.02% and +10.31%, respectively. The stock is trading above its moving averages across various time frames, indicating a bullish trend. However, there has been a notable decrease in investor participation, with delivery volume falling by 73.88% compared to the five-day average. The company benefits from a low debt-to-equity ratio and healthy long-term growth, as evidenced by a 25.97% annual growth rate in operating profit and a positive operating cash flow.
In the broader market context, KSB Ltd has significantly outperformed the Sensex, which has only increased by 0.11% over the past week, while KSB's stock has risen by 2.02%. This trend is further highlighted by KSB's year-to-date return of +16.06%, compared to the Sensex's +5.87%. Despite the stock's recent gains, it has experienced a decline of 7.24% over the past year, even as profits have risen by 19.8%. The stock's valuation appears expensive with a price-to-book value of 10.4, suggesting that while the stock is trading at fair value relative to its peers, it may face pressure if market conditions shift.