Why is Electrost.Cast. falling/rising?

As of 26-Jun, Electrosteel Castings Ltd's stock price is currently at 136.80, reflecting an increase of 3.25 or 2.43%. The stock has shown strong performance recently, gaining 12.55% over the past week and 30.01% over the last month. It has outperformed its sector by 1.82% today and has been on a consecutive gain streak for the last five days. Despite this positive momentum, the stock has faced challenges, including a decline in earnings per share and negative results in the last two quarters, which have contributed to a year-to-date return of -1.33% and a one-year return of -22.78%. However, the company has demonstrated healthy long-term growth with net sales increasing at an annual rate of 21.98% and operating profit at 23.68%, which may support investor confidence.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark Sensex, which has gained 2.94% over the past week and 1.92% over the past month. While Electrosteel Castings has outperformed the sector recently, it has underperformed the market over the past year, where the BSE 500 has generated returns of 4.11%. The stock's high institutional holdings at 20.91% suggest that knowledgeable investors are still interested, despite the recent negative financial results. The stock's attractive valuation compared to peers may also provide a buffer against its recent underperformance, indicating that while there are significant challenges, there are also factors that could support a recovery in its stock price.