Why is MTAR Technologie falling/rising?

As of 11-Sep, MTAR Technologies Ltd is experiencing a price increase, currently at 1,534.20, reflecting a rise of 61.4 points or 4.17%. The stock has shown strong performance today, outperforming its sector by 4.39% and achieving consecutive gains over the last two days, with an overall return of 8.53% in this period. It reached an intraday high of Rs 1575.9, indicating positive momentum. The company has demonstrated high management efficiency with a return on capital employed (ROCE) of 15.98% and a strong ability to service debt, as evidenced by a low Debt to EBITDA ratio of 0.62 times. Additionally, the latest financial results show significant growth in profit after tax and net sales, contributing to the stock's upward movement. However, concerns about long-term growth persist, as the operating profit has only grown at an annual rate of 7.61% over the past five years, and the stock has underperformed in the long term.
Broader market context indicates that MTAR Technologies has outperformed the benchmark Sensex in the short term, with a 1-week return of 8.13% compared to the Sensex's 1.03%. Despite this positive short-term performance, the stock has faced challenges over the longer term, with a year-to-date decline of 6.85% and a one-year return of -13.57%, contrasting sharply with the Sensex's gain of 4.36% during the same period. The high institutional holdings at 31.09% suggest that knowledgeable investors are backing the stock, which may provide some support for its price. However, the stock's valuation concerns and underperformance relative to broader indices highlight the mixed outlook for MTAR Technologies in the context of market performance.