Why is Lakshmi Mills falling/rising?

As of 10-Jul, Lakshmi Mills Company Ltd's stock price is rising, currently at 9,500.00, reflecting an increase of 135.0 or 1.44%. The stock has shown strong performance recently, gaining 2.44% over the last two days and outperforming its sector by 1.74%. Over the past month, the stock has surged by 52.63%, while it has delivered a remarkable 60.88% return over the past year, significantly outpacing the benchmark Sensex, which has only risen by 4.09% in the same period. The stock is also trading above its moving averages across various time frames, indicating positive momentum. However, despite these gains, the company has a relatively weak long-term fundamental strength, with a low Return on Capital Employed (ROCE) of 0.2 and slow net sales growth of 3.80% over the last five years.
In the broader market context, Lakshmi Mills has outperformed the Sensex, which has declined by 0.06% over the past week, while the stock has remained relatively stable with a slight increase of 0.01%. This performance highlights the stock's resilience and attractiveness to investors, especially given its significant returns over longer periods compared to the benchmark. However, the low domestic mutual fund ownership may indicate some caution among institutional investors regarding the stock's valuation and long-term growth prospects. Overall, while the stock is experiencing upward movement, the mixed signals regarding its fundamental strengths and market perception suggest that investors should remain vigilant.