Why is Eimco Elecon(I) falling/rising?

As of 09-Jul, Eimco Elecon (India) Ltd's stock price is currently at Rs 2,775.70, reflecting an increase of Rs 25.7 or 0.93%. The stock has shown a positive trend today, gaining after two consecutive days of decline, and it reached an intraday high of Rs 2,849.4, which is a rise of 3.61%. Over the past week, the stock has outperformed the Sensex with a return of 7.09% compared to the benchmark's 0.15%. Additionally, the stock has demonstrated strong performance over longer periods, with a year-to-date return of 35.40% and a remarkable 635.48% increase over the past three years. However, there has been a decline in investor participation, as evidenced by a 22.44% drop in delivery volume compared to the five-day average, which may indicate some caution among investors despite the overall positive financial indicators.
Broader Market Context: In the context of the broader market, Eimco Elecon's short-term performance significantly surpasses that of the Sensex, which has only gained 0.15% over the past week. The company's low debt-to-equity ratio and impressive operating profit growth of 117.62% annually contribute to a healthy long-term growth outlook, reinforcing investor confidence. Furthermore, the stock has consistently outperformed the BSE500 over the last three years, generating returns of 9.29% in the past year alone. Despite the recent decline in delivery volumes, the stock's overall upward trajectory and strong financial results suggest a resilient position within the market.