Why is Choksi Laborator falling/rising?

As of 03-Sep, Choksi Laboratories Ltd is experiencing a price increase, with its current price at Rs 209.95, reflecting a rise of 6.15 (3.02%). The stock has shown positive momentum, gaining for the last two days and achieving a total return of 3.94% during this period. Despite a recent decline of 6.06% over the past week, the stock has performed well over the longer term, with a remarkable 172.13% return over the past year and a staggering 576.17% increase over the last three years. The stock's valuation appears attractive, trading at a discount compared to its peers, and has seen increased participation from institutional investors, which may contribute to its upward movement.
In the broader market context, the stock has outperformed the benchmark Sensex, which has seen a slight decline of 0.27% over the past week. While the stock's short-term performance has been volatile, its long-term returns significantly exceed those of the benchmark, indicating strong investor confidence. The recent increase in institutional investor stakes suggests a positive outlook on the company's fundamentals, further supporting the stock's rising price amidst a generally stable market environment.