Why is Artemis Electri. falling/rising?

As of 30-Jun, Artemis Electricals & Projects Ltd is experiencing a price increase, currently at 27.24, reflecting a change of 0.96 or 3.65% upward. The stock has outperformed its sector today by 2.9% and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has shown a return of +13.97%, significantly higher than the Sensex's +2.09%. Despite these positive short-term movements, there are concerns regarding falling investor participation, as the delivery volume has decreased by 38.46% compared to the 5-day average. The company has reported outstanding results with a net sales growth of 103.2% and positive results for the last two consecutive quarters, but it faces challenges with weak long-term fundamental strength, reflected in its average Return on Capital Employed (ROCE) of 8.94% and a high Price to Book Value ratio.
Broader market context indicates that while Artemis Electricals has performed well in the short term, it has underperformed the market over the past year, generating a return of -14.42% compared to the BSE 500's 3.95%. This underperformance, coupled with a lack of domestic mutual fund investment, suggests that institutional investors may be cautious about the stock's valuation and long-term growth prospects. The stock's recent gains may be driven by short-term trading dynamics rather than a solid long-term outlook, as evidenced by its poor historical performance and low investor confidence.