Why is SML ISUZU falling/rising?

As of 22-Aug, SML ISUZU Ltd's stock price is rising, currently at 4,536.80, reflecting an increase of 129.15 or 2.93%. The stock has recently reached a new 52-week high of Rs. 4628 and has outperformed its sector by 4.64%. Over the past three days, it has gained 13.48%, and it is trading above all key moving averages, indicating strong momentum. Additionally, the company has demonstrated healthy long-term growth with net sales increasing at an annual rate of 28.56% and operating profit at 32.21%. Institutional investors have also shown increased participation, raising their stake by 0.75% in the last quarter, which suggests confidence in the company's fundamentals.
In the broader market context, SML ISUZU's short-term return of 4.85% over the past week significantly outpaces the Sensex, which has only increased by 0.88%. This strong performance is further highlighted by the stock's impressive year-to-date return of 222.54%, compared to the Sensex's 4.05%. The positive results from the company's recent quarterly performance, including a 41.04% growth in net sales and a substantial reduction in raw material costs, contribute to the stock's upward trajectory. Despite a slight decline in investor participation, the overall sentiment remains bullish, supported by consistent returns over the past three years, where the stock has outperformed the BSE500 in each annual period.