Why is Lakshmi Engg. falling/rising?

As of 21-Jul, Lakshmi Engineering & Warehousing Ltd is experiencing a price increase, currently at Rs 2,301.20, reflecting a rise of Rs 77.1 or 3.47%. The stock has outperformed its sector by 5.91% today, reaching an intraday high of Rs 2,364.95, which is a 6.33% increase. Over the past week, the stock has shown a return of +2.74%, while its performance over the past month has been +9.22%. Despite a year-to-date decline of -6.04%, the stock has demonstrated significant long-term growth with a 3-year return of +249.73% and a remarkable 5-year return of +7807.90%. The company maintains a low debt-to-equity ratio, which is a positive indicator for investors, although the majority shareholders are non-institutional.
In the broader market context, the Sensex has shown a slight decline of -0.06% over the past week and -0.25% over the past month, indicating that Lakshmi Engineering's recent price increase is occurring against a backdrop of a generally weak market. This relative strength suggests that investor sentiment towards the stock is more favorable compared to the overall market. Additionally, rising investor participation, as evidenced by a 22.66% increase in delivery volume, further supports the stock's upward movement. However, the textile machinery sector has seen a decline of -2.45%, which may indicate sector-specific challenges that could impact future performance.