Why is Lloyds Engineeri falling/rising?

As of 24-Jun, Lloyds Engineering Works Ltd's stock price is rising, currently at 59.07, reflecting an increase of 1.42 or 2.46%. The stock has shown a positive trend, gaining for the last three days with a total return of 5.2% during this period. It has outperformed its sector by 1.17% today and reached an intraday high of Rs 60.05. Despite this recent uptick, the stock has a mixed performance history, with a year-to-date decline of 12.95% and a one-year return of -10.20%. The company has a low debt-to-equity ratio and has demonstrated healthy long-term growth in net sales and operating profit. However, recent quarterly results showed a decline in profit after tax and net sales, which may contribute to investor caution.
In the broader market context, the stock's short-term performance of +2.66% over the past week significantly outpaces the Sensex's increase of 0.58%. This indicates that while Lloyds Engineering is experiencing a positive short-term momentum, it has underperformed the market over the last year, where the BSE 500 generated returns of 2.98%. The low domestic mutual fund ownership of only 0.31% suggests a lack of confidence among institutional investors, which could be a factor in the stock's overall valuation concerns. Despite the recent gains, the stock's high price-to-book value ratio and the flat results from the last quarter may continue to weigh on its long-term prospects.