Why is Indef Manufactur falling/rising?

As of 13-Jun, Indef Manufacturing Ltd's stock price is currently at Rs 448.35, reflecting an increase of Rs 40.75, or 10.0%. The stock has shown strong performance recently, with a 1-week return of +34.50% and a remarkable 1-month return of +103.80%. Despite opening lower today with a loss of -6.67%, it reached an intraday high of Rs 448.35, indicating volatility within a wide trading range of Rs 68.95. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which is generally a positive indicator. However, there is a concerning decline in investor participation, with delivery volume falling by -66.95% compared to the 5-day average. Additionally, while the company has a low debt-to-equity ratio, it faces challenges with poor long-term growth, as evidenced by a -1.60% annual decline in net sales over the past five years.
In the broader market context, the Sensex has experienced a slight decline of -1.30% over the past week, contrasting with Indef Manufacturing's strong short-term performance. This suggests that the stock's rise is not reflective of overall market trends, indicating potential investor confidence in the company's short-term prospects despite its long-term growth challenges. The stock's performance today, which outperformed its sector by 10.57%, further emphasizes its resilience in a declining market. However, the flat results reported in March and the high valuation metrics, such as a Price to Book Value of 5.7, raise concerns about sustainability, which could impact future investor sentiment.