Why is Enviro Infra falling/rising?

As of 04-Aug, Enviro Infra Engineers Ltd is experiencing a price increase, currently trading at Rs 253.90, which represents a rise of 8.1 or 3.3%. The stock has shown a trend reversal, gaining after 10 consecutive days of decline, and it outperformed its sector by 4.58% today. Despite a recent 1-week decline of 2.57%, the stock has performed positively over the past month with a return of 9.35%. The company has demonstrated strong financial performance, with a high return on equity (ROE) of 27.92% and significant growth in net sales and operating profit. However, it faces challenges such as a high price-to-book value and declining participation from institutional investors, which may impact investor confidence.
Broader market context indicates that while the stock has outperformed its sector today, it has underperformed compared to the benchmark Sensex over the past week and year-to-date, with the Sensex gaining 0.16% in the last week and 3.69% year-to-date. The stock's liquidity remains adequate for trading, but falling delivery volumes suggest a decrease in investor participation, which could hinder future price movements. Overall, the recent positive results and strong growth metrics have contributed to the stock's rise, despite the broader market conditions and investor participation challenges.