Why is Excel Industries falling/rising?

As of 03-Jul, Excel Industries Ltd's stock price is rising, currently at 1,278.00, reflecting an increase of 27.9 or 2.23%. The stock has outperformed its sector today by 0.96%, reaching an intraday high of Rs 1289, which is a 3.11% increase. Over the past week, the stock has shown a return of 1.35%, while it has generated an 8.38% return over the past year. Despite these positive movements, there are concerns regarding falling investor participation, as the delivery volume has decreased by 9.54% against the 5-day average. The company maintains a low Debt to Equity ratio and has an attractive valuation with a Price to Book Value of 1, alongside a significant profit increase of 401.2% over the past year, which supports its recent price rise. However, the long-term growth outlook is hindered by a decline in operating profit over the last five years and disappointing quarterly results.
In the broader market context, Excel Industries has outperformed the Sensex in the short term, with a 1-week return of 1.35% compared to the Sensex's decline of 0.62%. While the stock has shown resilience in the short term, its year-to-date performance is slightly negative at -0.23%, contrasting with the Sensex's gain of 6.53%. This divergence indicates that while Excel Industries is experiencing a positive price movement recently, the overall market sentiment may not be as favorable, particularly given the low domestic mutual fund holdings in the company, which could reflect a lack of confidence in its long-term prospects.