Why is Engineers India falling/rising?

As of 02-Sep, Engineers India Ltd. is experiencing a price increase, currently at Rs 203.20, which reflects a rise of 2.15 or 1.07%. The stock has shown strong performance today, outperforming its sector by 0.88% and achieving a consecutive gain over the last two days with a total return of 2.63%. It reached an intraday high of Rs 209.15, representing a 4.03% increase. In terms of longer-term performance, the stock has gained 3.70% over the past week, while it has a year-to-date return of 11.34%, significantly outperforming the Sensex, which has only increased by 2.58% in the same period. The company benefits from high management efficiency, a low debt-to-equity ratio, and increased institutional holdings, which have risen by 3.93% over the previous quarter, indicating strong confidence from knowledgeable investors.
Broader Market Context: In the short term, Engineers India Ltd. has outperformed the benchmark Sensex, which has declined by 0.78% over the past week. This contrast highlights the stock's resilience and attractiveness to investors, particularly in light of its rising delivery volume and liquidity, which suggest increased investor interest. The stock's performance is further supported by its higher returns over three and five years compared to the benchmark, reinforcing its position as a strong investment choice despite a slight decline over the past month and year.