Why is Elpro Internatio falling/rising?

As of 30-Jun, Elpro International Ltd's stock price is currently at Rs 112.00, reflecting an increase of Rs 1.58 or 1.43%. The stock has shown positive momentum recently, gaining 1.86% over the last two days and outperforming its sector by 1.67%. In terms of returns, the stock has performed well over the short term, with a 1-week increase of 2.41% and a 1-month increase of 24.44%. However, despite these gains, the company has faced challenges, including a significant decline in profit before tax and negative results over the last two consecutive quarters, which may temper investor enthusiasm. The stock's valuation is considered expensive relative to its peers, and there has been a decrease in institutional investor participation, which could indicate concerns about the company's fundamentals.
In the broader market context, Elpro International Ltd has outperformed the Sensex in both the 1-week and 1-month periods, suggesting that the stock is gaining traction relative to the overall market. While the stock has generated an 11.71% return over the past year, it has lagged behind the Sensex's 7.00% return year-to-date. The recent positive performance in the stock, despite the negative financial results, indicates a complex market sentiment where short-term gains are being weighed against longer-term concerns regarding profitability and institutional support.