Why is Greaves Cotton falling/rising?

As of 28-Oct, Greaves Cotton Ltd. is experiencing a price increase, currently at 223.60, reflecting a rise of 11.2 or 5.27%. The stock has shown strong performance today, outperforming its sector by 4.98% and achieving a consecutive gain over the last two days with a total return of 9.1%. It has also reached an intraday high of Rs 227.45. The stock is trading above all its moving averages, indicating positive momentum. Additionally, the company has reported a remarkable growth in net profit of 1262.75% and has declared positive results for the last two consecutive quarters, contributing to investor confidence. However, it is important to note that despite the recent gains, the company has a poor long-term growth outlook with an annual operating profit decline of -0.98% over the last five years. In the broader market context, Greaves Cotton's short-term return of 7.94% over the past week significantly outpaces the Sensex's modest gain of 0.24%. While the stock has generated a notable return of 26.65% over the past year, it is essential to consider that its profits have decreased by -64% during the same period, which raises concerns about sustainability. Furthermore, the low stake of domestic mutual funds at only 1.72% may indicate a lack of confidence in the stock's valuation, which is perceived as expensive compared to its peers. Overall, while the recent price movement is positive, the underlying financial metrics suggest caution regarding the stock's long-term viability.