Why is DHP India falling/rising?

As of 03-Jul, DHP India Ltd. is experiencing a price increase, currently at 676.15, which reflects a rise of 12.45 or 1.88%. Today's performance indicates a trend reversal as the stock has gained after three consecutive days of decline. It outperformed its sector by 1.24% and reached an intraday high of Rs 695.05, marking a 4.72% increase. However, the stock has shown a decline in investor participation, with delivery volume falling by 57.84% against the five-day average. Despite this, the company has reported very positive financial results, including a 6507.14% growth in net profit and a strong return on equity of 26.7, which contributes to its attractive valuation compared to peers.
In the broader market context, DHP India has outperformed the benchmark Sensex over the past week, with a return of 1.52% compared to the Sensex's decline of 0.62%. While the stock has generated a negative return of -6.09% over the past year, it has shown significant profit growth, which may attract investors despite its long-term challenges, including a consistent underperformance against the benchmark over the last three years. The stock's performance indicates a potential recovery phase, but the risks associated with poor long-term growth and declining operating profits should be considered by investors.