Why is Time Technoplast falling/rising?

As of 19-Sep, Time Technoplast Ltd. has a current price of 478.35, reflecting an increase of 1.55 (0.33%). The stock has shown a trend reversal by gaining after two consecutive days of decline. Despite a significant drop in delivery volume by 53.9% compared to the 5-day average, the stock has outperformed its sector by 0.99%. Over the past week, it has risen by 1.05%, and in the last month, it has increased by 3.43%. The company demonstrates strong fundamentals with a low Debt to EBITDA ratio of 1.34 times, an annual operating profit growth rate of 18.35%, and a return on capital employed (ROCE) of 17.9. Additionally, the stock is trading at a discount compared to its peers, and its profits have risen by 21% over the past year, contributing to its positive performance.
In the broader market context, the stock's short-term performance has outpaced the Sensex, which has increased by 0.88% over the same week. However, the year-to-date performance shows a decline of 3.08% for Time Technoplast compared to a 5.74% increase in the Sensex. Despite this, the stock has consistently generated returns over the last three years, outperforming the BSE500 annually. The high institutional holdings at 21.21% suggest confidence from larger investors, which may support the stock's upward movement. Nonetheless, the recent flat results reported in June could pose a risk to future performance.