Why is MTAR Technologie falling/rising?

As of 18-Aug, MTAR Technologies Ltd's stock price is currently at Rs 1,541.20, reflecting an increase of Rs 26.85 or 1.77%. The stock has shown a positive trend recently, gaining for three consecutive days and achieving a total return of 5.75% during this period. It has outperformed its sector by 1.53% today and reached an intraday high of Rs 1,551.05. Despite a mixed performance over the past month and year, where it has seen declines of 0.97% and 10.08% respectively, the company has demonstrated strong financial metrics, including a high return on capital employed (ROCE) of 15.98% and significant growth in net sales and profit after tax over the last six months. However, concerns about long-term growth persist, as evidenced by a modest annual operating profit growth rate of 7.61% over the past five years.
In the broader market context, MTAR Technologies has outperformed the Sensex in the short term, with a 1-week return of 3.99% compared to the benchmark's 0.83%. This indicates a relatively strong performance in the immediate term, despite the stock's underperformance over longer periods, such as a 6.42% decline year-to-date versus a 4.01% increase in the Sensex. The stock's liquidity appears adequate, with rising investor participation noted in recent trading volumes. However, the stock's valuation remains a concern, as it trades at a discount compared to peers, and its long-term performance has been below par, which may weigh on investor sentiment moving forward.