Why is SKF India falling/rising?

As of 23-Jul, SKF India Ltd. is experiencing a price increase, with its current price at 4,993.30, reflecting a rise of 46.25 or 0.93%. The stock has shown a positive trend today, outperforming its sector by 1.37% and reversing a two-day decline. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward momentum. Over the past week, the stock has gained 3.39%, and over the past month, it has increased by 8.71%. Additionally, the company has demonstrated strong financial performance, with a PAT growth of 51.2% and a high operating profit margin, which contributes to investor confidence. However, there has been a notable decline in delivery volume, which fell by 51.02% compared to the 5-day average, suggesting a decrease in investor participation.
In the broader market context, SKF India has significantly outperformed the Sensex, which has only increased by 0.11% over the past week. The stock's year-to-date return of 11.26% also surpasses the Sensex's 5.87% gain, indicating strong relative performance. Despite a year-on-year decline of 10.76% compared to the Sensex's increase of 2.86%, the stock's recent performance and high institutional holdings at 34.16% suggest that informed investors are optimistic about its future prospects. This combination of strong financial metrics and relative outperformance against the benchmark contributes to the stock's rising price.