Why is Engineers India falling/rising?

As of 22-Jul, Engineers India Ltd. has seen its stock price rise to 242.25, reflecting an increase of 7.05 or 3.0%. The stock has outperformed its sector today by 3.14% and has been on a consecutive gain for the last two days, accumulating returns of 3.11% during this period. Despite a recent one-week decline of 1.92%, the stock has shown a positive trend over the past month with a return of 9.52%. The company's strong financial performance, highlighted by a significant net profit growth of 158.44% and high management efficiency with a return on equity (ROE) of 16.04%, has contributed to its recent price increase. However, it is important to note that the stock has underperformed over the past year, with a decline of 9.81%, indicating some long-term growth concerns.
In the broader market context, the Sensex has experienced a slight decline of 0.47% over the past week, while Engineers India has managed to outperform this benchmark. The stock's performance over the year contrasts sharply with the market's overall return of 2.09%, emphasizing its recent struggles despite positive quarterly results. The increase in institutional holdings, which rose by 3.93% in the last quarter, suggests a growing confidence among larger investors, potentially bolstering the stock's price. However, the stock's high valuation and poor long-term growth prospects, as indicated by a negative annual growth rate in net sales over the last five years, present risks that could affect its future performance.