Why is NELCO falling/rising?

As of 11-Jun, NELCO Ltd's stock price is rising, currently at 1,033.55, reflecting an increase of 56.9 points or 5.83%. The stock has shown strong performance recently, with a 15.05% return over the last two days and an impressive 30.01% increase over the past month, significantly outperforming the Sensex, which has only risen by 3.85% in the same timeframe. Additionally, NELCO is trading above all its moving averages, indicating positive momentum. However, despite these short-term gains, the company faces challenges such as a declining operating profit and a significant drop in net sales, which have contributed to a poor long-term growth outlook.
In the broader market context, NELCO's recent performance stands out as it has outperformed the sector by 6.94% today. While the stock has generated a return of 31.02% over the past year, this is juxtaposed with a concerning 59.7% decline in profits during the same period. The stock's liquidity remains adequate, but the decrease in institutional investor participation, which has fallen by 0.59%, raises concerns about the stock's long-term stability. Overall, while NELCO is experiencing a rise in its stock price in the short term, underlying financial challenges and reduced institutional interest may pose risks moving forward.