Why is Bemco Hydraulics falling/rising?

As of 27-Jun, Bemco Hydraulics Ltd is experiencing a price increase, currently at 2,549.20, reflecting a rise of 49.95 or 2.0%. The stock has shown strong performance today, outperforming its sector by 2.67% and has gained consecutively for the last six days, accumulating a total return of 10.26% during this period. Additionally, the stock opened with a 2% gain and has maintained this price level throughout the trading session. Over the past week, the stock has risen by 9.71%, and it has delivered impressive returns of 88.20% year-to-date and 84.85% over the last year. The company's strong financial health is underscored by a low Debt to EBITDA ratio of 0.82 times and significant growth in net profit and operating profit, which have contributed positively to investor sentiment.
In the broader market context, Bemco Hydraulics has outperformed the Sensex, which has only increased by 2.00% over the past week, while the stock has gained nearly five times that amount. This strong performance is further supported by rising investor participation, as evidenced by a dramatic increase in delivery volume. However, it is important to note that despite its strong returns and growth, the stock is considered expensive with a Price to Book Value of 7.9, and domestic mutual funds hold no stake in the company, which may indicate some caution among institutional investors. Overall, the combination of strong financial results, consistent returns, and positive market sentiment has driven the stock's recent upward movement.