Why is Ramco Inds. falling/rising?

As of 19-Sep, Ramco Industries Ltd is experiencing a price increase, currently at Rs 390.70, which reflects a rise of Rs 18.85 or 5.07%. The stock has shown strong performance today, having outperformed its sector by 3.97% and opened with a gain of 2.08%. It is also close to its 52-week high, just 1.88% away from Rs 398.05. Over the past week, the stock has increased by 7.07%, and it has delivered an impressive 61.81% return over the last year, significantly outperforming the BSE500 index. Positive financial results, including a 66.5% growth in PAT and a strong operating profit to interest ratio, contribute to the stock's upward momentum, despite a recent decline in investor participation.
Broader market context indicates that while the stock has shown remarkable short-term returns, the benchmark Sensex has only increased by 0.88% over the same week. This highlights Ramco Industries Ltd's strong relative performance in the market. The stock's long-term performance is also noteworthy, with a 91.43% increase over the past three years, compared to the Sensex's 39.71% rise. Despite a drop in delivery volume, the stock remains liquid enough for trading, suggesting continued investor interest. Overall, the combination of strong financial results, positive market sentiment, and significant outperformance against the benchmark supports the stock's rising price.