Why is Deep Industries falling/rising?

As of 29-Jul, Deep Industries Ltd's stock price is currently at 443.90, reflecting an increase of 10.95 or 2.53%. The stock has shown a trend reversal, gaining after three consecutive days of decline. Today, it outperformed its sector by 1.14% and reached an intraday high of Rs 446, indicating positive momentum. Despite a year-to-date decline of 19.06%, the stock has generated a notable return of 45.54% over the past year, outperforming the BSE500 in each of the last three annual periods. The company has demonstrated healthy growth with net sales increasing at an annual rate of 31.33% and operating profit at 130.54%. However, it faces challenges with a relatively high valuation, as indicated by a Price to Book Value of 1.5 and a return on equity of 8.8, which may deter some investors.
In the broader market context, the stock's short-term performance has been negative, with a 5.33% decline over the past week, while the benchmark Sensex has only decreased by 1.03% during the same period. This suggests that Deep Industries has underperformed relative to the broader market in the short term. However, the recent increase in investor participation, with a 20.46% rise in delivery volume, may signal renewed interest in the stock despite its high valuation concerns and the absence of domestic mutual fund investment. Overall, while the stock has shown positive movement today, its long-term performance and valuation metrics present a mixed outlook.