Why is R R Kabel falling/rising?

As of 30-Jul, R R Kabel Ltd's stock price is currently at Rs 1,421.30, reflecting an increase of Rs 29.2 or 2.1%. The stock has shown positive momentum, gaining for the last three consecutive days with a total return of 3.65% during this period. It has outperformed its sector by 1.97% today and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. However, it is important to note that the stock has underperformed against the benchmark over the past year, generating a return of -21.26%. Despite this, the company has demonstrated healthy long-term growth, with net sales increasing at an annual rate of 20.20% and a low debt-to-equity ratio of 0.01, which may contribute to investor confidence.
In the broader market context, R R Kabel's recent performance contrasts with the Sensex, which has seen a decline of 1.50% over the past week. While the stock has outperformed the benchmark in the short term, its longer-term performance remains concerning, as it has consistently underperformed against the BSE500 over the last three years. The high institutional holdings at 22.2% suggest that knowledgeable investors are backing the stock, which could provide some stability. However, the falling investor participation, indicated by a decrease in delivery volume, may pose a risk to its upward momentum.