Why is Thermax falling/rising?

As of 17-Jul, Thermax Ltd. is experiencing a price increase, with its current price at Rs 3,883.55, reflecting a rise of Rs 236.25 or 6.48%. The stock has shown strong performance recently, gaining 12.86% over the last three days and outperforming its sector by 4.92% today. It reached an intraday high of Rs 4,088, indicating robust trading activity. Additionally, the stock has demonstrated a significant increase in investor participation, with delivery volume rising by 394.26% against the five-day average. Despite a year-to-date decline of 4.62% and a one-year drop of 23.55%, the company maintains a healthy long-term growth outlook, with operating profit increasing at an annual rate of 20.94% and a low debt-to-equity ratio, which supports its financial stability.
In the broader market context, Thermax's short-term performance contrasts sharply with the benchmark Sensex, which has declined by 1.12% over the past week while Thermax has risen by 13.22%. This indicates that the stock is gaining traction despite a generally unfavorable market environment. However, it is important to note that the stock has underperformed over the last year compared to the broader market, which has seen a slight increase of 0.26%. The high institutional holdings at 28.11% suggest that knowledgeable investors are confident in the company's fundamentals, which may be contributing to the recent upward price movement.