Why is Lloyds Enterpris falling/rising?

As of 24-Jun, Lloyds Enterprises Ltd is experiencing a price increase, currently at Rs 77.43, reflecting a rise of 5.44 or 7.56%. The stock has recently hit a new 52-week high of Rs 79.53 and has outperformed its sector by 7.87%. Over the last three days, it has gained 10.68%, and it opened with a gain of 2.03% today. The stock is trading above its moving averages, indicating strong momentum. However, there is a noted decline in investor participation, with delivery volume falling by 14.97% against the five-day average. The company has a low debt-to-equity ratio and has shown impressive long-term growth in net sales and operating profit, which supports its recent price movement. Despite these positives, the stock's valuation appears expensive compared to peers, and profits have declined significantly, which could raise concerns among investors.
In the broader market context, Lloyds Enterprises has significantly outperformed the Sensex, with a one-week return of 8.14% compared to the benchmark's 0.58%, and a year-to-date return of 57.09% against the Sensex's 5.01%. This strong performance relative to the market indicates robust investor confidence in the stock, despite some underlying concerns regarding profitability and valuation. The company's substantial growth in sales and consistent returns over the past three years further bolster its position, making it an attractive option for investors, even as domestic mutual funds hold a minimal stake, suggesting some caution in the market.