Why is Elpro Internatio falling/rising?

As of 04-Sep, Elpro International Ltd's stock price is currently at Rs 100.00, reflecting an increase of Rs 6.1 or 6.5%. The stock has shown strong performance recently, gaining 19.63% over the last four days and outperforming its sector by 7.31% today. Additionally, it has been trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating positive momentum. However, despite this recent uptick, the company has reported negative results for the last three consecutive quarters, with a significant decline in both profit after tax and net sales. This underperformance, coupled with a high valuation relative to peers, raises concerns about the sustainability of the stock's current price increase.
In the broader market context, Elpro International Ltd has outperformed the Sensex by a substantial margin over the past week, with a return of +18.68% compared to the benchmark's +0.80%. However, the stock has struggled year-to-date, showing a decline of -13.16% while the Sensex has gained +3.30%. The increasing participation from institutional investors, who have raised their stake in the company, may provide some support for the stock. Nonetheless, the consistent underperformance against the benchmark over the last three years, along with declining profits, suggests that the stock's recent rise may not be fully justified in light of its overall financial health.