Why is Elpro Internatio falling/rising?

As of 23-Jun, Elpro International Ltd is experiencing a price increase, currently at Rs 109.36, reflecting a rise of Rs 5.36 or 5.15%. The stock has shown strong performance recently, gaining 16.46% over the last four days and outperforming its sector by 4.78% today. It has also outperformed the benchmark Sensex significantly over the past week and month, with returns of 16.40% and 22.97%, respectively. However, despite these positive short-term movements, the company has faced challenges, including a substantial decline in profit before tax and negative results over the last two consecutive quarters, which may weigh on investor sentiment in the long run.
In the broader market context, while Elpro International has outperformed the Sensex in the short term, it has underperformed on a year-to-date basis, with a decline of 5.03% compared to the Sensex's gain of 4.81%. The stock's long-term growth remains healthy, with net sales growing at an annual rate of 30.08%, but the recent negative financial results and falling participation from institutional investors could create caution among potential buyers. The stock is also trading at a premium compared to its peers, which may deter some investors despite its recent gains.