Why is Duncan Engg. falling/rising?

As of 06-Oct, Duncan Engineering Ltd's stock price is rising, currently at 466.70, reflecting an increase of 17.4 or 3.87%. The stock has shown strong performance today, outperforming its sector by 4% and gaining 13.04% over the last two days. It opened with a significant gap up of 10.17% and reached an intraday high of Rs 495. Despite this positive movement, there has been a notable decline in investor participation, with delivery volume dropping by 77.18% against the five-day average. The company maintains a high management efficiency with a return on equity (ROE) of 17.37% and a low debt-to-equity ratio, contributing to its fair valuation despite trading at a premium compared to peers.
In the broader market context, Duncan Engineering's short-term returns have significantly outperformed the benchmark Sensex, with a 1-week return of 13.84% compared to the Sensex's 1.77%. While the stock has struggled over the longer term, with a year-to-date decline of 7.58% against the Sensex's gain of 4.67%, its recent performance indicates a positive shift. The stock's strong returns over the past three years at 46.26% further highlight its potential amidst the current market dynamics.