Why is Lakshmi Mills falling/rising?

As of 24-Jun, Lakshmi Mills Company Ltd is experiencing a significant rise in its stock price, currently at Rs 9,190.50, reflecting an increase of Rs 554.65 or 6.42%. The stock has shown impressive performance today, having reached a new 52-week and all-time high of Rs 10,059, with a notable gain of 10.93% at the open. Over the past four days, the stock has gained 28.66%, and its year-to-date return stands at 28.67%. Additionally, the stock has outperformed its sector by 5.38% today, and its trading volume has surged, indicating rising investor participation. While the stock has generated a remarkable return of 96.64% over the past year, it is trading at a discount compared to its peers, which may attract more investors despite some concerns regarding its long-term fundamental strength.
In the broader market context, Lakshmi Mills has significantly outperformed the benchmark Sensex, which has only increased by 0.58% over the past week, while the stock itself has risen by 27.75%. This trend of outperformance is consistent over various time frames, including a 55.64% increase over the past month compared to the Sensex's 0.41%. Despite these positive short-term movements, there are underlying concerns regarding the company's long-term growth potential, as indicated by a weak average return on capital employed and slow net sales growth. The limited stake held by domestic mutual funds may also suggest caution among institutional investors regarding the stock's valuation.