Why is Thermax falling/rising?

As of 31-Jul, Thermax Ltd. is experiencing a rise in its stock price, currently at Rs 3,911.50, reflecting an increase of Rs 64.6 or 1.68%. The stock has shown positive momentum, gaining for the last three days with a total return of 5.33% during this period. It has outperformed its sector by 1.27% today, reaching an intraday high of Rs 3,965, although it also experienced a low of Rs 3,746.9. In terms of performance over various periods, the stock has increased by 1.75% over the past week and 16.30% over the past month, contrasting with a decline in the benchmark Sensex, which fell by 1.22% and 3.00%, respectively. Additionally, Thermax's low debt-to-equity ratio and strong institutional holdings indicate a solid foundation for growth, further supporting its recent price increase. In the broader market context, while Thermax has shown a strong short-term performance compared to the Sensex, which has declined, its year-to-date performance remains negative at -3.94%, contrasting with the Sensex's positive return of 3.90%. This divergence highlights the stock's recent recovery amidst a generally challenging market environment. Despite a decrease in investor participation, as indicated by a 21.12% drop in delivery volume, the company's robust operating profit growth and significant market capitalization position it favorably within its sector, contributing to the upward movement in its stock price.