Why is Lakshmi Engg. falling/rising?

As of 25-Sep, Lakshmi Engineering & Warehousing Ltd is experiencing a price increase, currently at Rs 2,345.00, reflecting a rise of Rs 165.8 or 7.61%. Today's price summary indicates that the stock outperformed its sector by 8.82% and opened with a gain of 5.08%. After two consecutive days of decline, the stock has shown a trend reversal, reaching an intraday high of Rs 2,390, which is a 9.67% increase. Despite a year-to-date decline of 4.25% and a one-year drop of 16.25%, the stock has demonstrated significant growth over the past three years, with a return of 253.43%. The company maintains a low debt-to-equity ratio of 0.06, which is favorable, and the majority of shareholders are non-institutional, indicating a stable ownership structure.
In the broader market context, the stock's short-term performance over the past week shows a gain of 1.95%, contrasting with the Sensex, which has declined by 2.23%. This suggests that Lakshmi Engineering is performing well relative to the overall market. The rising investor participation, evidenced by a 64.79% increase in delivery volume compared to the five-day average, further supports the stock's upward movement. Overall, while the stock has faced challenges in the longer term, its recent performance and positive indicators suggest a recovery phase amidst a broader market downturn.