Why is Bemco Hydraulics falling/rising?

As of 07-Jul, Bemco Hydraulics Ltd is experiencing a price increase, with the current price at Rs 2,870.65, reflecting a rise of 56.25 (2.0%). The stock has reached a new 52-week and all-time high today, having outperformed its sector by 2.25%. It has been on a positive trajectory, gaining for the last 12 days and achieving a total return of 24.16% during this period. The stock is trading above its moving averages across various time frames, indicating strong momentum. Positive financial results, including a significant growth in net profit and operating profit, have contributed to this upward movement, although there is a noted decline in investor participation with delivery volume falling by 22.11% against the 5-day average.
In the broader market context, Bemco Hydraulics has outperformed the Sensex, which has seen a slight decline of 0.20% over the past week, while the stock itself has gained 10.40% in the same period. This strong performance is further highlighted by its year-to-date return of 111.93%, significantly surpassing the Sensex's 6.79%. Despite the impressive returns and growth metrics, the stock's high valuation and lack of domestic mutual fund investment may raise concerns among some investors, suggesting a cautious outlook despite the current price rise.