Why is N R Agarwal Inds falling/rising?

As of 16-Sep, N R Agarwal Industries Ltd is experiencing a price increase, currently at 401.00, reflecting a rise of 11.0 or 2.82%. The stock has shown positive momentum, outperforming its sector by 2.04% today and has gained 3.11% over the last two days. It opened with a gain of 3.08% and reached an intraday high of Rs 402. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 17.15% compared to the 5-day average. Despite a slight decline of 0.50% over the past year and a significant drop in profits by 65.1%, the company maintains a low debt-to-equity ratio and an attractive valuation compared to its peers, which may contribute positively to investor sentiment.
In the broader market context, the stock's short-term performance over the past week shows a modest increase of 0.25%, while the benchmark Sensex has risen by 1.58%. Over the past month, N R Agarwal Industries has outperformed the Sensex, with a return of 8.22% compared to the benchmark's 2.21%. This relative strength in performance, combined with the stock's attractive valuation metrics and improving trading volume, suggests that investors are responding positively to the company's fundamentals, despite the challenges it has faced over the past year.