Why is Time Technoplast falling/rising?

As of 01-Sep, Time Technoplast Ltd. is experiencing a price increase, currently at 467.20, reflecting a rise of 6.85 or 1.49%. The stock has shown a trend reversal by gaining after three consecutive days of decline, reaching an intraday high of Rs 470. Despite a recent drop in investor participation, with delivery volume falling by nearly 49% against the five-day average, the stock remains liquid enough for trading. Over the past year, Time Technoplast has generated a return of 16.48%, while profits have increased by 21%, indicating strong fundamentals. The company also boasts a low Debt to EBITDA ratio of 1.34 times and a healthy operating profit growth rate of 18.35%, contributing to its fair valuation compared to peers.
In the broader market context, Time Technoplast's short-term performance has been relatively better than the benchmark, as it has gained 3.34% over the past month, while the Sensex has declined by 0.29%. However, in the year-to-date comparison, the stock has underperformed with a decline of 5.34% against the Sensex's gain of 2.85%. The high institutional holdings at 21.21% suggest that informed investors are backing the stock, which may provide additional support for its price movement. Overall, the combination of a recent price increase, strong fundamentals, and better short-term performance relative to the benchmark contributes to the stock's rising trend.