Why is NTC Industries falling/rising?

As of 18-Aug, NTC Industries Ltd is experiencing a significant rise in its stock price, currently at Rs 188.75, reflecting an increase of Rs 17.25 or 10.06%. The stock has outperformed its sector by 11.67% today and has shown a consecutive gain over the last two days, with a total return of 14.92% during this period. The stock opened with a gain of 2.01% and reached an intraday high of Rs 192. Despite this positive movement, the stock has a mixed performance over longer periods, with a year-to-date decline of 19.34% and a one-year drop of 29.96%. However, the company has shown strong fundamentals, including a 273.03% increase in net profit and a low debt-to-equity ratio of 0.18, which contribute positively to investor sentiment. In the broader market context, NTC Industries has outperformed the Sensex significantly in the short term, with a 1-week return of 12.59% compared to the benchmark's 0.83%. This strong performance may be attributed to increasing participation from institutional investors, who have raised their stake by 2.83% in the previous quarter, indicating growing confidence in the company's fundamentals. While the stock has faced challenges over the past year, the recent positive results and healthy growth metrics have likely bolstered investor interest, contributing to the current upward price movement.