Why is Austin Engg Co falling/rising?

As of 22-Aug, Austin Engineering Company Ltd's stock price is currently at 196.35, reflecting an increase of 22.95, or 13.24%. The stock has shown strong performance recently, outperforming its sector by 14.07% today and has gained 23.92% over the last two days. It has also touched an intraday high of Rs 200, indicating significant upward momentum. Despite a one-year return of -8.29%, the stock's profits have increased by 1%, and it is trading at a fair value compared to its peers. However, the company has a weak long-term fundamental strength with an average Return on Equity (ROE) of 4.53%, which may raise concerns among investors.
In the broader market context, Austin Engineering's stock has outperformed the Sensex, which has only increased by 0.88% over the past week, while the stock itself has surged by 24.79%. This strong short-term performance contrasts with the benchmark's decline of 1.07% over the past month, highlighting the stock's relative strength. The rising investor participation, with a significant increase in delivery volume, suggests growing confidence among investors, despite the company's long-term growth challenges and rising raw material costs.