Why is Lloyds Engineeri falling/rising?

As of 10-Jul, Lloyds Engineering Works Ltd is experiencing a price increase, currently at Rs. 81.89, reflecting a change of 5.04 or 6.56% upward. The stock has recently hit a new 52-week high of Rs. 84.26 and has shown a trend reversal after three consecutive days of decline. It has outperformed its sector by 5.76% today, and its performance over the past month has been strong, with a return of 28.66%. The company has demonstrated consistent growth, with net sales increasing at an annual rate of 45.86% and operating profit at 94.13%. Additionally, the stock has outperformed the BSE500 index over the last three years, generating returns of 8.66% in the past year alone. However, there has been a notable decline in investor participation, with delivery volume dropping by 57.83% against the five-day average.
In the broader market context, while the Sensex has remained relatively flat with a change of -0.06% over the past week, Lloyds Engineering has achieved a return of 4.46% in the same period, indicating a strong performance relative to the benchmark. This divergence suggests that investor sentiment towards Lloyds Engineering is positive, likely driven by its solid financial metrics and growth potential. The stock's liquidity remains adequate for trading, further supporting its upward movement despite the recent drop in delivery volume. Overall, the combination of strong financial performance, a recent trend reversal, and outperformance against the sector and benchmark contributes to the stock's rising price.