Why is KEI Industries falling/rising?

As of 13-Oct, KEI Industries Ltd is experiencing a price increase, currently at 4,318.95, with a change of 44.75, representing a rise of 1.05%. The stock has shown positive momentum, outperforming its sector by 1.86% today and achieving consecutive gains over the last two days with a total return of 1.67%. Additionally, KEI Industries has performed well over the past week and month, with returns of 4.53% and 4.57%, respectively. However, it is important to note that the stock has faced challenges over the longer term, with a year-to-date decline of 2.84% and a one-year drop of 5.66%. The company's strong fundamentals, including a high return on equity of 16.35%, low debt-to-equity ratio, and significant growth in net sales and operating profit, contribute positively to its recent performance. However, the stock's high valuation and premium compared to peers, indicated by a price-to-book value of 7.1, may pose risks.
In the broader market context, KEI Industries has outperformed the Sensex, which has only gained 0.66% over the past week, while KEI's return of 4.53% highlights its relative strength. Despite the positive short-term performance, the stock's year-to-date performance lags behind the benchmark's gain of 5.36%. The decline in investor participation, as evidenced by a significant drop in delivery volume, could indicate caution among retail investors, although the high institutional holdings suggest confidence from more sophisticated investors. Overall, while KEI Industries is currently rising, its mixed long-term performance and high valuation may temper future expectations.