Why is Engineers India falling/rising?

As of 27-Jun, Engineers India Ltd. has seen its stock price rise to 238.15, reflecting an increase of 4.55 or 1.95%. The stock has outperformed its sector by 1.07% today, marking a trend reversal after two consecutive days of decline. It reached an intraday high of Rs 239.7, and is currently trading above all its moving averages, indicating positive momentum. However, there has been a notable decrease in investor participation, with delivery volume dropping by 60.03% compared to the five-day average. Despite a year-over-year decline of 5.46%, the stock has shown strong performance in the short term, with a 30.49% increase year-to-date and a remarkable 311.31% rise over the past three years. The company's high management efficiency, low debt-to-equity ratio, and significant growth in net profit have contributed positively to its recent stock movement.
In the broader market context, Engineers India Ltd. has outperformed the Sensex, which has only increased by 2.00% over the past week, while the stock itself has gained 7.66%. This strong short-term performance relative to the benchmark suggests that investor sentiment is favorable towards the company, despite some concerns regarding its long-term growth potential and high valuation compared to peers. The company's recent financial results have been very positive, but the negative factors, such as the declining annual growth rate in net sales and the stock's premium valuation, may pose risks that could affect future performance.