Why is Mindteck (India) falling/rising?

As of 26-Jun, Mindteck (India) Ltd is experiencing a rise in its stock price, currently at 244.35, which reflects an increase of 13.4 or 5.8%. The stock has shown strong performance today, outperforming its sector by 5.86% and achieving a consecutive gain over the last two days with a total return of 6.03%. Additionally, the stock has performed well over the past week and month, with returns of +7.74% and +8.48%, respectively. However, it is important to note that the stock has a year-to-date decline of 17.16%. The company has a low debt-to-equity ratio and has shown healthy long-term growth, with operating profit increasing at an annual rate of 71.28%. Despite this, the stock is trading at a premium compared to its peers, and domestic mutual funds hold no stake in the company, which may indicate a lack of confidence at current price levels.
In the broader market context, the Sensex has increased by 2.94% over the past week and 1.92% over the past month, indicating that Mindteck's short-term performance significantly outpaces the benchmark. This suggests that the stock's recent rise may be driven by company-specific factors rather than broader market trends. However, the stock's year-to-date performance remains underwhelming compared to the Sensex's gain of 7.19%, highlighting a potential disconnect between recent gains and overall market sentiment. The falling investor participation, as evidenced by a significant drop in delivery volume, could also pose a risk to sustained price increases moving forward.