Why is Tolins Tyres falling/rising?

As of 24-Sep, Tolins Tyres Ltd is experiencing a price increase, currently at Rs 196.45, reflecting a rise of Rs 8.55 or 4.55%. The stock has outperformed its sector by 5.91% today, reaching an intraday high of Rs 201, which is a 6.97% increase. Despite a decline in delivery volume by 41.49% compared to the 5-day average, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past month, Tolins Tyres has shown a significant return of 30.44%, contrasting with the Sensex's modest gain of 0.50%. Although the stock has a negative return of -2.29% over the past year, its profits have increased by 49%, indicating strong underlying performance.
Broader market context shows that while Tolins Tyres has had a positive short-term return of 0.67% over the past week, the Sensex has declined by 1.18% during the same period. This suggests that the stock is gaining traction against a backdrop of broader market weakness. The company's low debt-to-equity ratio and attractive valuation, with a return on equity of 11.9% and a price-to-book value of 2.4, further support its recent price movement. Overall, the combination of strong profit growth and relative outperformance in a declining market contributes to the stock's rising price.