Why is Va Tech Wabag falling/rising?

As of 19-Sep, Va Tech Wabag Ltd's stock price is currently at 1,561.55, reflecting an increase of 29.45, or 1.92%. Today's performance indicates a positive trend as the stock has outperformed its sector by 1.81% and has gained after two consecutive days of decline. The stock reached an intraday high of Rs 1578.9, which is a 3.05% increase. Over the past week, the stock has shown a return of +2.10%, while it has experienced a decline of 2.85% over the past month. The company has demonstrated strong financial performance, with a 23.75% growth in PAT and a 21.11% increase in net sales over the latest six months. Additionally, the stock's low debt-to-equity ratio and high institutional holdings suggest a stable outlook, although there has been a decrease in investor participation, as indicated by a 16.43% drop in delivery volume.
Broader market context shows that while Va Tech Wabag has outperformed the Sensex in the short term, it has underperformed over the longer one-month and year-to-date periods, with declines of 2.85% and 5.07%, respectively. However, the stock has significantly outperformed the benchmark over the past three years, with a remarkable return of 430.69% compared to the Sensex's 39.71%. This consistent performance, alongside a fair valuation and increasing institutional interest, supports the stock's recent upward movement despite some short-term volatility.