Why is Lakshmi Mills falling/rising?

As of 30-Jun, Lakshmi Mills Company Ltd's stock price is rising, currently at Rs 9,251.00, reflecting an increase of Rs 51.0 or 0.55%. The stock has shown strong performance recently, gaining 1.01% over the last three days and opening with a significant gain of 3.15% today. It reached an intraday high of Rs 9,699.9, which is a 5.43% increase. Over the past week, the stock has outperformed the Sensex, with a return of 7.12% compared to the index's 2.09%. Additionally, the stock has generated a remarkable 57.02% return over the past year, significantly outpacing the BSE 500 and indicating strong market performance. However, it is important to note that the stock underperformed its sector by 0.29% today, and there has been a decline in investor participation, with delivery volume dropping by 46.26% against the five-day average.
In the broader market context, while Lakshmi Mills has demonstrated impressive returns in both the short and long term, it is essential to consider the overall market conditions. The stock's recent performance contrasts with the Sensex's more modest gains, highlighting its relative strength. Despite the positive returns, concerns regarding the company's long-term fundamental strength persist, particularly with a low average Return on Capital Employed (ROCE) of 1.80% and weak sales growth over the past five years. Furthermore, the minimal stake held by domestic mutual funds may indicate a lack of confidence in the stock's valuation or business prospects. Overall, while the stock is currently rising, these underlying factors could influence its future performance.