Why is Avalon Tech falling/rising?

As of 21-Jul, Avalon Technologies Ltd is currently priced at 871.60, reflecting an increase of 9.6, or 1.11%. The stock has shown a trend reversal by gaining after two consecutive days of decline, although it underperformed its sector by 0.49%. In terms of returns, the stock has experienced a 4.40% increase over the past month, but it has a year-to-date decline of 10.05%. Positive factors contributing to the stock's recent movement include a low debt-to-equity ratio, significant growth in net sales of 22.05%, and strong quarterly results, with a return on capital employed (ROCE) at its highest level. Additionally, high institutional holdings at 24.45% suggest confidence from more knowledgeable investors, which may support the stock's price.
Broader Market Context: In the short term, Avalon Technologies Ltd has underperformed compared to the benchmark Sensex, which has only declined by 0.06% over the past week, while Avalon has dropped by 0.72%. Despite this, the stock has outperformed the broader market over the past year, generating a return of 69.42% compared to the Sensex's 1.98%. This indicates that while the stock may face short-term challenges, its long-term performance remains strong relative to the market, which could be a factor in its recent price increase.