Why is Loyal Equipments falling/rising?

As of 04-Jul, Loyal Equipments Ltd's stock price is rising, currently at Rs. 356.50, reflecting an increase of Rs. 6.55 or 1.87%. The stock has reached a new 52-week and all-time high today, outperforming its sector by 1.65%. It has shown strong performance over the past six days, gaining 13.12% during this period. Additionally, the stock has consistently outperformed the benchmark indices, with a year-to-date return of 29.64% compared to the Sensex's 6.77%. The company has demonstrated high management efficiency with a return on capital employed (ROCE) of 17.02% and has reported positive results for the last six consecutive quarters, contributing to investor confidence.
Broader Market Context: In the short term, Loyal Equipments Ltd has significantly outperformed the Sensex, which has declined by 0.74% over the past week while the stock has risen by 11.42%. This stark contrast highlights the stock's strong momentum amidst a generally weaker market environment. However, it is worth noting that there has been a decrease in promoter holding this quarter, now at 70.44%, which could raise concerns among some investors. Despite this, the stock's liquidity remains adequate, and the overall positive financial performance supports its upward trajectory in the market.