Why is Lloyds Engineeri falling/rising?

As of 21-Jul, Lloyds Engineering Works Ltd is experiencing a price increase, currently at 78.97, reflecting a rise of 3.43 or 4.54%. The stock has shown strong performance today, outperforming its sector by 3.62% and achieving a consecutive gain over the last two days with a total return of 5.93%. It reached an intraday high of Rs 79.9, and is trading above its moving averages across various time frames. Despite a slight decline in investor participation, as indicated by a drop in delivery volume, the company maintains a low debt-to-equity ratio and has demonstrated healthy long-term growth with net sales increasing at an annual rate of 45.86% and operating profit at 94.13%. Additionally, the stock has consistently outperformed the BSE500 over the last three years, contributing to its recent upward movement.
In the broader market context, the stock's performance over the past week shows a decline of 1.16%, while the benchmark Sensex has only decreased by 0.06%. However, over the past month, Lloyds Engineering has significantly outperformed the benchmark with a return of 37.87% compared to the Sensex's decline of 0.25%. This strong relative performance, combined with the company's solid fundamentals and consistent returns, suggests that investor confidence remains high despite the recent dip in trading volume. Overall, the stock's upward trajectory is supported by its robust financial health and historical performance, even as it faces some short-term challenges in trading activity.