Why is NESCO falling/rising?

As of 07-Nov, NESCO Ltd's stock price is rising, currently at 1,355.10, reflecting an increase of 103.9 or 8.3%. Today's price summary indicates that the stock has outperformed its sector by 8.18% and has experienced a trend reversal after three consecutive days of decline. It opened with a gain of 2.3% and reached an intraday high of Rs 1365.3, which is a 9.12% increase. Over the past year, NESCO has generated a return of 34.12%, significantly outperforming the BSE500 index in each of the last three annual periods. Additionally, the company has a low debt-to-equity ratio and has seen a 0.92% increase in institutional investor stakes, suggesting growing confidence among larger investors.
In the broader market context, NESCO's short-term performance over the past week shows a decline of 1.16%, while the benchmark Sensex has decreased by 0.86%. This indicates that while NESCO is currently experiencing a rise, it has faced recent challenges compared to the benchmark. However, the stock's year-to-date return of 39.84% far exceeds the Sensex's 6.50%, highlighting its strong performance over a longer period. The rising investor participation, particularly from institutional investors, further supports the stock's upward movement, as these investors typically have more resources to analyze the company's fundamentals effectively.