Why is Bemco Hydraulics falling/rising?

As of 17-Jul, Bemco Hydraulics Ltd is experiencing a price increase, with its current price at Rs. 3,363.20, reflecting a rise of 65.9 points or 2.0%. The stock has reached a new 52-week and all-time high today, and it has outperformed its sector by 0.44%. Over the past 20 days, the stock has shown a remarkable gain of 45.47%, and it has consistently outperformed the benchmark indices, with a one-week return of +10.40% compared to the Sensex's -1.12%. The company has demonstrated strong financial health, with a low Debt to EBITDA ratio of 0.82 times and impressive growth in net profit and operating profit, which has contributed to its positive momentum in the market.
In the broader market context, while Bemco Hydraulics has shown significant short-term gains, the Sensex has struggled, indicating that the stock's performance is largely independent of broader market trends. Despite the stock's impressive returns over the past year, domestic mutual funds hold no stake in the company, which may suggest a lack of confidence at current valuations. However, the stock's strong performance metrics and consistent returns over the past three years highlight its potential for continued growth, even as it faces scrutiny regarding its valuation and investor participation.