Why is Ramco Inds. falling/rising?

As of 28-Oct, Ramco Industries Ltd is experiencing a price increase, with its current price at Rs 354.40, reflecting a rise of Rs 15.3 or 4.51%. The stock has outperformed its sector today by 3.45%, reaching an intraday high of Rs 355.95. Over the past week, the stock has shown a positive return of 3.32%, although it has declined by 0.59% over the past month. Notably, the company has demonstrated strong financial performance, with a significant growth in profit after tax and a low debt-to-equity ratio, which supports its valuation. The stock is trading above its moving averages, indicating a bullish trend, despite a slight decrease in investor participation as evidenced by a drop in delivery volume.
In the broader market context, while Ramco Industries has outperformed the Sensex in the short term, with a 1-week return of 3.32% compared to the Sensex's 0.24%, it has lagged behind in the longer term, with a 1-month decline against the Sensex's gain of 5.22%. However, the stock has shown impressive year-to-date and yearly returns of 30.20% and 54.09%, respectively, significantly outpacing the benchmark's performance. This strong historical performance, coupled with the company's solid financial metrics, suggests that the stock's recent rise is supported by both its operational strength and favorable market conditions, despite some short-term volatility in trading volume.