Why is Brooks Lab. falling/rising?

As of 25-Jun, Brooks Laboratories Ltd is experiencing a price increase, currently at Rs 150.00, which reflects a rise of Rs 6.8 or 4.75%. The stock has shown strong performance recently, gaining 15.38% over the last three days and outperforming its sector by 3.7% today. It has also been trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Additionally, the stock has generated impressive returns of 69.70% over the past year and 72.68% over the last three years, although it has faced challenges with a year-to-date decline of 18.90%. Positive factors contributing to the stock's rise include increased institutional investor participation, which has grown by 0.53% in the last quarter, and strong quarterly results, with net sales reaching a record high.
In the broader market context, Brooks Laboratories Ltd has significantly outperformed the Sensex, which has only risen by 1.61% over the past week and 1.27% over the past month. The stock's recent gains highlight its strong short-term performance relative to the benchmark, showcasing its resilience despite underlying concerns regarding long-term fundamental strength, such as a negative return on equity and weak sales growth. While the stock's valuation appears high compared to its peers, the recent positive momentum and institutional interest suggest a favorable outlook in the near term, despite the mixed long-term fundamentals.