Why is Bemco Hydraulics falling/rising?

As of 09-Jul, Bemco Hydraulics Ltd's stock price is rising, currently at Rs 2,986.60, reflecting an increase of Rs 58.55 or 2.0%. The stock has reached a new 52-week and all-time high today, having outperformed its sector by 1.2%. It has shown impressive performance over the past 14 days, gaining 29.18%, and has consistently traded above its moving averages across various time frames. 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 increased by 145.58% and 47.41% annually, respectively. However, the stock is considered expensive with a Price to Book Value of 9.3, and the lack of domestic mutual fund investment may indicate some caution among institutional investors.
In the broader market context, Bemco Hydraulics has significantly outperformed the Sensex, with a 1-week return of +10.40% compared to the benchmark's +0.15%, and a year-to-date return of +120.49% versus the Sensex's +6.91%. This strong performance highlights the stock's resilience and attractiveness to investors, especially given its consistent returns over the past three years. The rising investor participation, evidenced by a 217.81% increase in delivery volume, further supports the stock's upward trajectory. Overall, the combination of robust financial results and favorable market conditions has contributed to the stock's rising price.