Why is Nitin Castings falling/rising?

As of 14-Nov, Nitin Castings Ltd's stock price is currently at 528.50, reflecting an increase of 17.55 or 3.43%. Today's price summary indicates that the stock has outperformed its sector by 3.11% and has experienced a trend reversal after two consecutive days of decline. The stock reached an intraday high of Rs 531.95, and there has been a notable increase in delivery volume, rising by 33.68% compared to the 5-day average. Despite a year-to-date decline of 23.96%, the company has shown healthy long-term growth with an operating profit growth rate of 68.52%. The low debt-to-equity ratio and attractive valuation further support a positive outlook, although the stock's profits have decreased by 1.4% over the past year.
In the broader market context, Nitin Castings has outperformed the Sensex in the short term, with a 1-week return of 8.53% compared to the benchmark's 1.62%. This indicates a strong relative performance, especially given the stock's recent recovery from a downward trend. While the stock has faced challenges over the longer term, as evidenced by its 1-year return of -27.10% versus the Sensex's 9.00%, the recent positive developments in operating profit and increased investor participation suggest a potential shift in market sentiment.