Why is CG Power & Ind falling/rising?

As of 16-Sep, CG Power & Industrial Solutions Ltd is currently priced at 792.00, reflecting an increase of 0.9 (0.11%). The stock has been on an upward trend, gaining 7.02% over the past week and 19.00% over the past month, while also outperforming the benchmark Sensex, which has only risen by 1.58% in the same week and 2.21% in the past month. Despite this positive momentum, the stock has underperformed its sector today by 1.67%, and there has been a notable decline in investor participation, with delivery volume dropping by 37.81% compared to the 5-day average. The company has demonstrated strong long-term fundamentals, including a high return on equity of 36.30% and consistent positive results over the last three quarters, which supports its recent price increase. However, the stock is considered expensive with a high price-to-book value, and its profits have seen a decline of 3.6% over the past year, which could temper investor enthusiasm.
In the broader market context, CG Power's short-term performance has significantly outpaced the Sensex, indicating strong investor confidence relative to the overall market. The stock's impressive returns over the last three years, including a staggering 235.24% increase, further highlight its resilience and attractiveness compared to the benchmark's 40.01% rise. This strong performance, coupled with the company's substantial market capitalization and position within the sector, suggests that while there are risks associated with its high valuation and declining profits, the overall sentiment remains positive, contributing to the stock's recent upward movement.