Why is Elpro Internatio falling/rising?

As of 25-Jul, Elpro International Ltd's stock price is currently at 98.75, reflecting an increase of 0.75 or 0.77%. The stock has shown a positive trend recently, gaining 3.29% over the last three days and outperforming its sector by 1.66% today. Despite a challenging year-to-date performance with a decline of 14.24%, the stock has demonstrated healthy long-term growth with net sales increasing at an annual rate of 30.08%. However, the company has faced significant challenges, including a 110.02% drop in profit before tax and negative results for the last two consecutive quarters, which have contributed to a decline in net sales and profit after tax. The recent increase in institutional investor participation, with a 0.56% rise in stakes, may also be influencing the stock's upward movement.
In the broader market context, Elpro International Ltd's short-term performance has been more favorable compared to the benchmark Sensex, which has seen a slight decline of 0.36% over the past week, while Elpro's stock has decreased by 2.23% in the same period. This indicates that while the stock is currently rising, it has underperformed relative to the benchmark in the short term. The stock's liquidity remains adequate, and its trading above the 50-day, 100-day, and 200-day moving averages suggests a potential for recovery, despite its expensive valuation compared to peers and the overall negative sentiment from recent financial results.