Why is Lloyds Engineeri falling/rising?

As of 26-Jun, Lloyds Engineering Works Ltd is experiencing a rise in its stock price, currently at 64.25, reflecting an increase of 5.14 or 8.7%. The stock has shown strong performance recently, gaining 14.43% over the past week and outperforming its sector by 6.82% today. It has been on a consecutive gain streak for the last five days, with a notable intraday high of Rs 65.8. Despite this positive momentum, the company faces challenges, including a flat performance in its latest quarterly results, where net sales declined by 5.01% and profit after tax fell by 20.1%. The stock is also trading at a premium compared to its peers, which may raise concerns among investors.
In the broader market context, while Lloyds Engineering has outperformed the Sensex in the short term, with a 14.43% return over the past week compared to the Sensex's 2.94%, it has underperformed year-to-date with a decline of 5.31% against the Sensex's gain of 7.19%. The company's low debt-to-equity ratio and strong long-term growth in net sales and operating profit are positive indicators; however, the limited interest from domestic mutual funds, holding only 0.31% of the company, suggests a lack of confidence in its current valuation. This combination of strong short-term performance and underlying concerns about valuation and investor sentiment contributes to the stock's recent upward movement.