Why is Kirl. Brothers falling/rising?

As of 03-Jul, Kirloskar Brothers Ltd is experiencing a price increase, currently at Rs 2,229.65, reflecting a rise of 17.65 (0.8%). The stock has shown a trend reversal, gaining after two consecutive days of decline, and reached an intraday high of Rs 2,289.25, which is a 3.49% increase. Over the past week, the stock has performed well, with a return of +4.39%, significantly outperforming the Sensex, which has declined by 0.62%. Additionally, the company has demonstrated strong financial health, with a high return on equity (ROE) of 15.93% and consistent positive results over the last five quarters, contributing to a healthy long-term growth outlook with an annual operating profit growth rate of 30.79%.
In the broader market context, while Kirloskar Brothers Ltd has shown strong short-term performance, the Sensex has only increased by 3.10% over the past month, indicating that the stock is outperforming the market. However, it is important to note that the stock has a relatively expensive valuation, trading at a premium compared to its peers, which may raise concerns among investors. Despite the recent positive price movement, the stock has generated a negative return of -6.55% over the past year, suggesting that while the company is performing well operationally, market sentiment may still be cautious due to its valuation metrics and recent declines in investor participation.