Why is DEE Development falling/rising?

As of 25-Jun, DEE Development Engineers Ltd is experiencing a price increase, currently at Rs 314.00, reflecting a rise of Rs 10.4 or 3.43%. The stock has shown strong performance today, outperforming its sector by 2.71% and reaching an intraday high of Rs 322.1, which is a 6.09% increase. Over the past week, the stock has gained 4.53%, and in the last month, it has surged by 31.68%. The company has also demonstrated healthy long-term growth, with operating profit increasing at an annual rate of 53.79%, and institutional investors have raised their stake by 0.73%, indicating growing confidence in the stock.
In the broader market context, DEE Development's short-term return of 4.53% over the past week significantly outpaces the Sensex's return of 1.61% in the same period. While the stock has generated a flat return of 0.00% over the past year, its profits have risen by 66%, suggesting a strong underlying performance despite the lack of stock price appreciation. The stock is trading above all key moving averages, indicating positive momentum, and its liquidity is sufficient for trading, further supporting its upward movement.