Why is Lucent Industrie falling/rising?

As of 04-Nov, Lucent Industries Ltd's stock price is rising, currently at 1,130.00, reflecting an increase of 30.0 or 2.73%. The stock has been on an upward trend, gaining for the last four days and achieving a total return of 7.6% during this period. It has outperformed its sector by 2.02% today and reached an intraday high of Rs 1149, which is a 4.45% increase. Additionally, the stock has shown strong performance over various time frames, with a remarkable year-to-date return of 85.86% and a staggering 4314.06% over the past three years. Positive financial results reported on June 25, including the highest quarterly PBDIT and PAT, contribute to the stock's favorable momentum, although concerns about its high valuation and stagnant profits may temper investor enthusiasm.
In the broader market context, Lucent Industries has significantly outperformed the Sensex, which has declined by 1.38% over the past week while the stock itself has risen by 7.46%. This stark contrast highlights the stock's strong performance relative to the market. However, the lack of domestic mutual fund investment, which stands at 0%, suggests that institutional investors may have reservations about the company's valuation or business prospects, despite its impressive returns. Overall, while the stock is currently experiencing a rise, the mixed signals from institutional interest and profit stagnation could influence future price movements.