Why is Elin Electronics falling/rising?

As of 09-Jun, Elin Electronics Ltd is experiencing a price increase, currently at Rs 169.85, reflecting a rise of 8.25 or 5.11%. The stock has outperformed its sector today by 5.52%, reaching an intraday high of Rs 169.85. Over the past week, the stock has gained 3.50%, and in the last month, it has seen a significant increase of 19.36%. However, despite these positive movements, there is a noted decline in investor participation, with delivery volume falling by 16.94% against the 5-day average. The company has reported very positive financial results, including a remarkable 1130% growth in net profit and a strong operating profit margin, which contribute to its attractive valuation compared to peers.
In the broader market context, Elin Electronics has outperformed the Sensex, which has only increased by 1.32% over the past week. While the stock has shown strong short-term performance, it is important to note that it has a year-to-date decline of 19.23%, contrasting with the Sensex's gain of 5.51%. The stock's current trading price is also at a discount relative to its peers' average historical valuations, which may attract investors looking for value. Overall, the combination of strong financial results and short-term performance against the benchmark suggests a positive outlook, despite the recent drop in investor participation.