Why is Minda Corp falling/rising?

As of 12-Nov, Minda Corporation Ltd is experiencing a price increase, currently at Rs 608.35, reflecting a rise of 10.8 points or 1.81%. The stock has shown strong performance today, outperforming its sector by 0.96%, and has been on a consecutive gain streak for the last four days, accumulating a total return of 6.13% during this period. Additionally, Minda Corp has consistently outperformed the benchmark Sensex over various time frames, including a year-to-date return of 23.74% compared to the Sensex's 8.10%. The company also demonstrates a solid financial position with a low Debt to EBITDA ratio of 0.89 times, robust net sales growth of 23.48%, and high institutional holdings at 27.24%, which suggests confidence from sophisticated investors.
In the broader market context, Minda Corporation's short-term performance of +2.79% over the past week surpasses the Sensex's gain of +1.21%, indicating a strong relative strength against the overall market. Despite a decline in delivery volume by 44.18% compared to the 5-day average, the stock remains liquid enough for trading, suggesting that investor interest is still present. The company's consistent returns over the last three years, alongside its ability to service debt effectively, contribute to a positive outlook, reinforcing the stock's upward movement in the current market environment.