Why is Loyal Equipments falling/rising?

As of 07-Jul, Loyal Equipments Ltd is currently priced at Rs. 356.70, reflecting a slight increase of 0.2 (0.06%). The stock has recently hit a new 52-week and all-time high of Rs. 363.9, indicating strong upward momentum. Over the past week, the stock has gained 6.29%, outperforming the Sensex, which has seen a decline of 0.20%. Additionally, Loyal Equipments has demonstrated impressive performance with a 55.83% return over the past year and a staggering 1109.15% increase over the last three years. The company has reported positive financial results for six consecutive quarters, showcasing high management efficiency with a return on capital employed (ROCE) of 17.02%, and a low debt-to-equity ratio, which further supports its recent price movement. However, there has been a decrease in promoter holding to 70.44%, which may raise some concerns among investors.
In the broader market context, Loyal Equipments has significantly outperformed the benchmark indices, particularly in the short term, with a 13.18% return over the last seven days compared to the Sensex's performance. Despite a recent decline in investor participation, as indicated by a 33.66% drop in delivery volume, the stock remains liquid enough for trading. The overall market sentiment appears to favor Loyal Equipments, given its consistent outperformance against both the BSE500 and the broader market over various time frames. This combination of strong financial performance and market-beating returns contributes to the stock's rising price.