Why is Elantas Beck falling/rising?

As of 01-Jul, Elantas Beck India Ltd is experiencing a price increase, currently valued at 12,783.95, reflecting a rise of 79.25 or 0.62%. The stock has shown strong performance recently, gaining 16.64% over the last nine days and outperforming its sector by 1.9% today. In terms of returns, Elantas Beck has delivered a remarkable 31.52% increase over the past month and a 10.88% rise over the past year, consistently outperforming the BSE500 index in each of the last three annual periods. The company benefits from high management efficiency, evidenced by a return on equity (ROE) of 15.14%, and a low debt-to-equity ratio, which supports its positive outlook despite some concerns regarding long-term growth.
In the broader market context, the stock's short-term performance of +11.21% over the past week significantly outpaces the Sensex's gain of 2.00% in the same period. However, while the stock has shown impressive short-term gains, it has faced challenges such as a decline in net sales growth and a decrease in profits over the past year. Additionally, the falling investor participation, indicated by a 15.73% drop in delivery volume, could signal potential caution among investors. Despite these negative factors, the stock's strong recent performance and consistent returns over the last three years contribute to its upward price movement.