Why is DEE Development falling/rising?

As of 27-Jun, DEE Development Engineers Ltd is experiencing a price increase, currently at Rs 320.10, reflecting a rise of Rs 7.15 or 2.28%. The stock has shown strong performance today, outperforming its sector by 2.95% and reaching an intraday high of Rs 324.25, which is a 3.61% increase. Over the past week, the stock has gained 3.84%, and over the past month, it has risen significantly by 20.34%. Despite a year-over-year decline of 2.29%, the company has reported impressive growth in operating profit, which has increased at an annual rate of 53.79%. Additionally, institutional investors have increased their stake in the company, indicating growing confidence in its fundamentals.
In the broader market context, DEE Development's short-term performance has outpaced the Sensex, which has only increased by 2.00% over the past week. The stock's liquidity remains adequate, allowing for trades of Rs 0.51 crore, although there has been a notable decline in delivery volume, which fell by 34.16% against the five-day average. This decline in investor participation could be a concern, but the overall healthy growth in profits and the positive sentiment from institutional investors suggest a favorable outlook for the stock moving forward.