Why is Engineers India falling/rising?

As of 08-Jul, Engineers India Ltd. is experiencing a price increase, with its current price at Rs 241.60, reflecting a rise of Rs 5.25 or 2.22%. The stock has outperformed its sector by 1.89% today and reached an intraday high of Rs 242.25. Over the past week, the stock has gained 1.36%, and in the last month, it has risen by 5.27%, significantly outperforming the Sensex, which has only increased by 0.02% during the same period. Despite a decline in delivery volume by 20.99% against the 5-day average, the stock remains liquid enough for trading. Positive factors contributing to the stock's rise include high management efficiency indicated by a return on equity (ROE) of 16.04%, a low debt-to-equity ratio, and a substantial growth in net profit of 158.44% reported in March 2025.
In the broader market context, while Engineers India has shown strong performance in the short term, it has underperformed over the past year, with a return of -11.47% compared to the BSE500's gain of 1.98%. This long-term underperformance may weigh on investor sentiment despite recent positive results. The stock's valuation is considered expensive with a price-to-book ratio of 5.7, and while profits have increased, the annual growth in net sales has been negative over the last five years. This mixed outlook suggests that while the stock is currently rising, concerns about its long-term growth potential and valuation may impact future performance.