Why is Aeroflex falling/rising?

As of 11-Jun, Aeroflex Industries Ltd is experiencing a price increase, currently at Rs 174.00, which reflects a rise of Rs 9.7 or 5.9%. The stock has outperformed its sector today by 5.86%, reaching an intraday high of Rs 178.6. Over the past week, the stock has gained 6.68%, and over the past month, it has risen by 9.92%. Despite a year-to-date decline of 13.99%, the stock has shown strong performance over the last year with a return of 21.76%, significantly higher than the market's return of 5.98%. The company maintains a low debt-to-equity ratio, which is favorable, but it faces challenges with flat quarterly results and a high valuation indicated by a Price to Book Value of 6.6.
In the broader market context, Aeroflex's recent performance has been notably strong compared to the benchmark, as it has outperformed the Sensex's 1-week and 1-month returns. However, the stock's year-to-date performance lags behind the benchmark's gain of 5.60%. The increase in investor participation, with a significant rise in delivery volume, suggests growing interest, although there is a concern regarding falling participation from institutional investors, which could impact future performance. Overall, while the stock is currently rising, its long-term growth prospects appear limited due to recent flat results and high valuations.