Why is Pennar Industrie falling/rising?

As of 19-Sep, Pennar Industries Ltd is experiencing a price increase, currently at Rs 251.15, reflecting a rise of Rs 5.6 or 2.28%. Today's price summary indicates that the stock outperformed its sector by 2.08%, reaching an intraday high of Rs 264.2, which is a 7.6% increase. Over the past week, the stock has shown a return of +3.06%, although it has declined by 3.48% over the past month. Positive factors contributing to this rise include healthy long-term growth, with operating profit growing at an annual rate of 35.23%, and consistent positive results over the last five quarters. Additionally, institutional investors have increased their stake, indicating confidence in the company's fundamentals.
Broader Market Context: In comparison to the benchmark Sensex, which has increased by 0.88% over the past week, Pennar Industries' performance is notably stronger. The stock's year-to-date return of +29.76% significantly surpasses the Sensex's +5.74%, and its one-year return of +51.02% contrasts sharply with the Sensex's decline of 0.67%. This strong performance relative to the broader market, coupled with the company's solid financial metrics and increasing institutional interest, suggests a favorable outlook for Pennar Industries despite a recent dip in delivery volume.