Why is Astra Microwave falling/rising?

As of 26-Jun, Astra Microwave Products Ltd is experiencing a price increase, with its current price at Rs 1,065.15, reflecting a rise of 10.1 points or 0.96%. Today's price summary indicates that the stock has gained after two consecutive days of decline, reaching an intraday high of Rs 1,080.4. Although the stock has shown a slight decline of 0.14% over the past month, it has demonstrated impressive year-to-date growth of 38.46%. The company benefits from a strong ability to service debt, as indicated by a low Debt to EBITDA ratio of 0.62 times, and has shown healthy long-term growth with an annual operating profit increase of 32.76%. However, the stock is considered very expensive, trading at a premium compared to its peers, which may impact investor sentiment.
In the broader market context, Astra Microwave's short-term performance has lagged behind the benchmark Sensex, which has gained 2.94% over the past week, while the stock has decreased by 3.71%. Despite this, the stock has consistently outperformed the BSE 500 over the last three years, generating a return of 9.31% in the past year. The high institutional holdings at 20.61% suggest that knowledgeable investors are backing the company, which could provide some stability. However, the falling investor participation, with a significant drop in delivery volume, may indicate caution among retail investors, potentially affecting future price movements.