Why is Marine Electric. falling/rising?

As of 19-Sep, Marine Electricals (India) Ltd is experiencing a price increase, currently at 220.77, reflecting a rise of 3.21 or 1.48%. The stock has shown strong performance recently, outperforming its sector by 2.17% today and trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has gained 12.17%, and over the past month, it has increased by 26.48%. Additionally, the company has demonstrated a strong ability to service debt, with a low Debt to EBITDA ratio of 1.03 times, and positive financial results, including a 20.9% growth in PAT for the last quarter. However, despite these positives, the stock has a relatively expensive valuation with a Price to Book Value of 7.5 and a low return on equity of 9.5, which may deter some investors.
In the broader market context, Marine Electricals has significantly outperformed the Sensex, which has only risen by 0.85% over the past week and 1.39% over the past month. While the stock has generated a negative return of -5.31% over the past year, its profits have increased by 45.6%, indicating potential undervaluation. The lack of investment from domestic mutual funds, holding 0% of the company, suggests that institutional investors may be cautious about the stock's current price or business outlook. Overall, the stock's recent rise can be attributed to strong short-term performance and positive financial indicators, despite concerns regarding its valuation and investor sentiment.