Why is Engineers India falling/rising?

As of 17-Nov, Engineers India Ltd. has experienced a price increase, with its current price at 205.10, reflecting a rise of 5.25 or 2.63%. The stock has shown strong performance today, outperforming its sector by 2.07% and achieving a consecutive gain over the last two days, resulting in a total return of 7.64% during this period. Additionally, the stock has consistently outperformed the benchmark Sensex across various time frames, including a 12.38% increase year-to-date and a remarkable 154.31% rise over the past three years. The company's high management efficiency, indicated by a return on equity of 17.46%, and a low debt-to-equity ratio contribute positively to investor confidence. Furthermore, the high institutional holdings at 20.79% suggest that knowledgeable investors are backing the stock, reinforcing its stability and growth potential.
In the broader market context, Engineers India Ltd. has outperformed the Sensex, which has only increased by 1.69% over the past week, while the stock itself has risen by 5.86% in the same period. This trend of outperformance is consistent, as the stock has generated returns that exceed those of the benchmark across multiple time frames. The significant rise in delivery volume, which increased by 248.74% against the five-day average, indicates rising investor participation and liquidity, further supporting the stock's upward movement. Overall, the combination of strong performance metrics, institutional backing, and positive market sentiment has contributed to the stock's recent rise.