Why is Electrost.Cast. falling/rising?

As of 11-Jun, Electrosteel Castings Ltd is experiencing a price increase, currently at Rs 128.40, reflecting a rise of 9.95 or 8.4%. The stock has shown strong performance recently, gaining 20.17% over the last four days and outperforming its sector by 7.48% today. Additionally, the stock has demonstrated impressive returns over the past week and month, with increases of 17.96% and 44.61%, respectively. However, it is important to note that despite these recent gains, the stock has underperformed over the past year, with a decline of 23.46%. The company's long-term growth prospects remain healthy, with net sales and operating profit growing at annual rates of 21.98% and 23.68%, respectively, although it has faced challenges with a recent fall in earnings per share and negative results in the last two quarters.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark, as the Sensex has only increased by 1.87% over the past week and 3.85% over the past month. While the stock has shown significant short-term gains, it has still underperformed the market over the last year, where the BSE 500 generated a positive return of 5.98%. The rising investor participation, indicated by a substantial increase in delivery volume, suggests growing interest in the stock, which may be contributing to its upward price movement. However, the technical indicators indicate a mildly bearish trend, which could temper investor enthusiasm moving forward.