Why is NDR Auto Compon. falling/rising?

As of 18-Jul, NDR Auto Components Ltd is experiencing a price increase, currently at Rs 1,170.95, reflecting a rise of Rs 22.75 or 1.98%. The stock has recently hit a new 52-week high of Rs 1,218.7 and has outperformed its sector by 3.07%. Over the past two days, the stock has gained 5.86%, and it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The company has demonstrated strong performance with a significant annual growth rate in net sales of 58.08% and operating profit growth of 152.81%. Additionally, it has reported positive results for the last 16 consecutive quarters, contributing to a robust return of 135.60% over the past year, which has helped maintain investor confidence.
In the broader market context, NDR Auto Components has significantly outperformed the Sensex, which has seen a decline of 0.90% over the past week while the stock has risen by 8.93%. This stark contrast highlights the stock's strong momentum and investor interest, particularly as delivery volume has increased by 43.16% against the 5-day average, indicating rising investor participation. The company's low debt-to-equity ratio and consistent returns over the last three years further bolster its appeal, suggesting that the stock's upward trajectory is supported by solid fundamentals and positive market sentiment.