Why is Elin Electronics falling/rising?

As of 14-Jul, Elin Electronics Ltd is experiencing a price increase, currently at 186.05, which reflects a rise of 3.6 or 1.97%. The stock has shown a strong performance today, outperforming its sector by 0.74% and has been on a consecutive gain streak for the last four days, accumulating a total return of 8.17% during this period. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating positive momentum. Despite a year-to-date decline of 11.53%, the company reported a significant net profit growth of 1130% in March, which has contributed to its attractive valuation and positive investor sentiment, although it has faced challenges with a long-term growth rate of -22.29% in operating profit over the last five years.
In the broader market context, Elin Electronics has outperformed the Sensex by 6.96% over the past week, while the benchmark has declined by 1.42%. This short-term outperformance contrasts with the stock's longer-term struggles, as it has consistently underperformed against the benchmark over the last three years. Institutional investor participation has decreased, which could pose risks to the stock's future performance, as these investors typically possess more resources for fundamental analysis. Overall, while the recent positive financial results and short-term gains have driven the stock's price up, the long-term growth concerns and declining institutional interest remain critical factors to monitor.