Why is Uniparts India falling/rising?

As of 22-Sep, Uniparts India Ltd's stock price is rising, currently at Rs 422.25, reflecting an increase of Rs 12.7 or 3.1%. The stock has shown strong performance today, outperforming its sector by 3.21% and opening with a gain of 2.31%. It reached an intraday high of Rs 422.25, and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 305.15% compared to the 5-day average. Despite a year-to-date return of only 2.62%, the company recently reported its highest quarterly net sales and operating profit, which may have positively influenced investor sentiment.
Broader market context indicates that Uniparts India has outperformed the Sensex in the short term, with a 1-week return of 2.54% compared to the benchmark's 0.46%. While the stock has faced challenges over the past year, with a decline of 13.83%, its recent positive quarterly results and a low debt-to-equity ratio suggest a more stable financial position. The stock's attractive valuation, indicated by a price-to-book value of 2.1 and a high dividend yield of 3.83%, further supports its upward movement. Overall, the combination of improved financial performance and favorable market conditions appears to be driving the stock's rise.