Why is Conart Engineers falling/rising?

As of 08-Jul, Conart Engineers Ltd is experiencing a price increase, currently at 130.00, with a change of 0.5 (0.39%) upward. The stock has shown a positive trend, gaining after two consecutive days of decline. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward momentum. Additionally, the stock has demonstrated impressive returns over various periods, with a 70.05% increase over the past year and a staggering 636.54% over the last three years. Positive financial results, including an 80.8% growth in net sales and the highest recorded PBDIT and PBT figures, have contributed to this upward movement. However, concerns about its long-term fundamental strength, reflected in a relatively low return on equity (ROE) of 7.11% and a high price-to-book value ratio, may temper investor enthusiasm.
In the broader market context, Conart Engineers has outperformed the benchmark Sensex significantly in the short term, with a 7.93% increase over the past week compared to a mere 0.02% rise in the Sensex. This strong performance relative to the market may attract more investor interest, further supporting the stock's price increase. Despite the positive short-term performance, the stock's year-to-date return of -14.16% contrasts sharply with the Sensex's 7.13% gain, highlighting potential volatility and investor caution regarding its long-term prospects.