Why is Lakshmi Engg. falling/rising?

As of 23-Jun, Lakshmi Engineering & Warehousing Ltd is experiencing a significant rise in its stock price, currently at 2,453.05, reflecting an increase of 346.05 or 16.42%. The stock has outperformed its sector by 15.2% today and has shown a consecutive gain over the last two days, accumulating a total return of 16.56% in this period. Additionally, the stock has demonstrated strong performance over various time frames, with a remarkable 321.56% increase over the last three years and a 25.87% rise in the past year, consistently outperforming the BSE 500 index. The company also maintains a low debt-to-equity ratio of 0.06, which is favorable for investors, and has shown consistent returns over the last three years.
In the broader market context, the stock's short-term return of 4.39% over the past week significantly surpasses the Sensex's modest gain of 0.12%. While the stock has been highly volatile today, with an intraday volatility of 10.2%, it remains liquid enough for trading, indicating healthy market interest. However, it is worth noting that there has been a decline in investor participation, with delivery volume dropping by 79.5% against the five-day average. Despite this, the overall strong performance and consistent returns suggest that investor confidence remains high, contributing to the stock's upward movement.