Why is Lakshmi Mills falling/rising?

As of 29-Jul, Lakshmi Mills Company Ltd is experiencing a price increase, currently at 9,885.00, reflecting a rise of 84.0 points or 0.86%. The stock has shown strong performance recently, gaining 4.38% over the past week and 7.45% over the past month, while it is just 1.76% away from its 52-week high of Rs 10,059. The stock has been gaining for the last two days, with a 1.07% return during this period. Additionally, it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. The rising investor participation is evident with a significant increase in delivery volume, which rose by 174.83% against the 5-day average. Despite a fair valuation indicated by a ROCE of 0.2 and a discount compared to peers, the stock's impressive return of 56.90% over the past year, coupled with a profit increase of 68.7%, has contributed to its upward movement.
In the broader market context, Lakshmi Mills has outperformed the benchmark, with a year-to-date return of 38.39% compared to the Sensex's 4.09%. This strong performance over both the short and long term highlights the stock's resilience and appeal to investors, particularly as it has consistently beaten the BSE500 over various time frames. However, it is important to note that the company faces challenges, such as weak long-term fundamental strength and low domestic mutual fund holdings, which may affect investor confidence. Nonetheless, the current positive momentum and strong recent returns suggest that the stock is viewed favorably in the market at this time.