Why is Lakshmi Mills falling/rising?

As of 24-Jul, Lakshmi Mills Company Ltd's stock price is rising, currently at Rs 9,854.20, reflecting an increase of Rs 284.2 or 2.97%. The stock has been gaining momentum, having outperformed its sector by 2.95% today and achieving a consecutive gain over the last two days with a total return of 4.06%. It is also trading close to its 52-week high, just 2.08% away from Rs 10,059. The stock's performance over various periods shows significant strength, with a year-to-date return of 37.96% and a remarkable 62.88% increase over the past year. Additionally, the stock is trading above all key moving averages, indicating positive momentum. However, while the stock has shown strong returns, it has a relatively weak long-term fundamental strength, with an average Return on Capital Employed (ROCE) of 1.80% and slow growth in net sales.
Broader market context indicates that Lakshmi Mills has outperformed the benchmark Sensex, which has shown a slight decline of 0.09% over the past week, while the stock itself has increased by 4.98%. This trend of outperformance is consistent over longer periods as well, with the stock beating the BSE500 index in the last three years, one year, and three months. Despite the positive short-term performance, the low participation from domestic mutual funds, holding only 0.01% of the company, may suggest some caution among institutional investors regarding the stock's valuation or business prospects. Overall, the stock's rising price can be attributed to strong recent performance and investor interest, despite some underlying concerns regarding long-term fundamentals.