Why is Bemco Hydraulics falling/rising?

As of 04-Jul, Bemco Hydraulics Ltd is experiencing a price increase, with its current price at Rs 2,814.40, reflecting a rise of 55.15 or 2.0%. The stock has reached a new 52-week and all-time high today, and it has been on a consecutive gain streak for the last 11 days, accumulating a total return of 21.73% during this period. Additionally, the stock has outperformed its sector by 1.78% today and is trading above all key moving averages, indicating strong momentum. The company's positive financial performance, including a significant growth in net profit and operating profit, supports this upward movement, although there are concerns regarding its high valuation and low domestic mutual fund participation.
In the broader market context, Bemco Hydraulics has outperformed the Sensex, which has seen a decline of 0.74% over the past week while the stock itself has gained 10.40%. This stark contrast highlights the stock's strong performance relative to the market. Furthermore, with a year-to-date return of 107.78% compared to the Sensex's 6.77%, Bemco Hydraulics demonstrates robust growth that appeals to investors, despite some risks associated with its valuation and market perception.