Why is NIBE falling/rising?

As of 12-Jun, NIBE Ltd's stock price is currently at 1,914.10, reflecting an increase of 14.4 points or 0.76%. The stock has shown strong performance today, having outperformed its sector by 2.16% and achieving a consecutive gain over the last four days, with a total return of 14.22% during this period. It opened with a gain of 4.12% and reached an intraday high of Rs 2000, although it also experienced a low of Rs 1853.9. The stock is trading above its moving averages across various time frames, indicating positive momentum. Additionally, the company has demonstrated robust financial health, with a low Debt to EBITDA ratio of 1.08 times and impressive growth in net sales and operating profit. Promoter confidence is also rising, as they have increased their stake by 0.66%, suggesting strong belief in the company's future prospects.
In the broader market context, NIBE's short-term performance has significantly outpaced the Sensex, with a 1-week return of +13.87% compared to the Sensex's +0.31%. Over the past month, NIBE has increased by 36.46%, while the Sensex has declined by 0.90%. This stark contrast highlights the stock's strong appeal to investors amid a generally subdued market environment. The rising investor participation, evidenced by a 179.84% increase in delivery volume, further supports the stock's upward trajectory, indicating growing interest and confidence among market participants.