Why is Indef Manufactur falling/rising?

As of 01-Jul, Indef Manufacturing Ltd's stock price is rising, currently at Rs. 520.85, reflecting an increase of 14.25 or 2.81%. The stock has recently hit a new 52-week and all-time high of Rs. 557.25, demonstrating strong performance with a 28.29% return over the last four days. It has outperformed its sector by 3.76% today and opened with a gain of 4.62%. Despite a low Debt to Equity ratio indicating financial stability, the company faces challenges with poor long-term growth, as evidenced by a -1.60% annual rate of net sales growth over the past five years. This combination of short-term gains and long-term concerns creates a complex picture for investors.
In the broader market context, Indef Manufacturing's short-term returns significantly outperform the benchmark Sensex, which has only increased by 2.00% over the past week, while the stock has surged by 25.04%. This stark contrast highlights the stock's strong momentum in the short term, driven by rising investor participation and favorable trading conditions. However, the company's flat results in March and a high Price to Book Value ratio suggest that while the stock is currently performing well, there are underlying issues that could affect its long-term viability.