Why is Engineers India falling/rising?

As of 11-Aug, Engineers India Ltd. is experiencing a price increase, currently at Rs 201.65, reflecting a rise of 2.1 or 1.05%. Today's price summary indicates that the stock has outperformed its sector by 0.79% and has gained after four consecutive days of decline, reaching an intraday high of Rs 204.2. Despite this positive movement, the stock has shown a significant decline of 19.34% over the past month and 9.45% over the past year, although it has a strong year-to-date performance of 10.49%. The company's fundamentals are bolstered by high management efficiency, a low debt-to-equity ratio, and impressive net profit growth of 158.44%, which may contribute to the recent uptick in price.
In the broader market context, the stock's short-term performance has been notably weaker than the benchmark Sensex, which has only declined by 0.51% over the past week compared to Engineers India's 4.48% drop. However, the stock's long-term performance is significantly stronger, with a 199.41% increase over the past three years compared to the Sensex's 35.85%. The recent increase in institutional holdings, which rose by 3.93% over the previous quarter, suggests that more sophisticated investors are confident in the company's fundamentals, potentially providing support for the stock's price movement despite the recent volatility.