Why is DEE Development falling/rising?

As of 07-Jul, DEE Development Engineers Ltd has seen its stock price rise to 314.20, reflecting an increase of 1.2 (0.38%). Today's price summary indicates that the stock has outperformed its sector by 0.63% and has experienced a trend reversal after two consecutive days of decline. The stock reached an intraday high of Rs 320.4, marking a 2.36% increase. Over the past week, the stock has declined by 2.30%, while it has shown a positive return of 13.20% over the past month. Despite a year-to-date increase of 2.58%, the stock has underperformed over the last year with a decline of 13.57%. Positive factors contributing to the stock's recent movement include a significant growth in operating profit at an annual rate of 53.79%, and a remarkable increase in profit before tax, which has grown by 2808.4% compared to the previous four-quarter average. 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 been weaker than the benchmark, with a 1-week decline of 2.30% compared to the Sensex's slight drop of 0.20%. However, the stock's 1-month return of 13.20% significantly outpaces the Sensex's 1.53% increase, suggesting a recent recovery trend despite the overall volatility. The stock's liquidity remains adequate for trading, although there has been a noted decrease in delivery volume, which may indicate reduced retail investor participation. Overall, while the stock has faced challenges in the past year, the recent positive developments in profitability and institutional investment may be contributing to its current upward movement.