Why is Engineers India falling/rising?

As of 04-Jul, Engineers India Ltd. is experiencing a price increase, currently at Rs 242.90, reflecting a rise of Rs 7.9 or 3.36%. The stock has shown positive momentum, gaining 3.56% over the last two days and outperforming its sector by 2.62% today. It has also touched an intraday high of Rs 245.5. In terms of performance, the stock has returned 1.99% over the past week and 4.72% over the past month, while year-to-date returns stand at an impressive 33.10%. However, it is important to note that the stock has underperformed over the past year, with a decline of 9.67%. The company has demonstrated high management efficiency with a return on equity (ROE) of 16.04% and reported significant growth in net profit of 158.44%, which has positively influenced its recent price movement.
In the broader market context, while Engineers India has outperformed the Sensex in the short term, the benchmark index has shown a decline of 0.74% over the past week, contrasting with the stock's positive returns. Despite this short-term strength, the stock's long-term growth prospects are tempered by a negative annual growth rate in net sales of -0.94% over the last five years and a high price-to-book value ratio of 5.7, indicating it is trading at a premium compared to its peers. Additionally, the stock has seen a decrease in investor participation, with delivery volume falling by 39.1% against the five-day average, which could pose risks to its continued upward movement.