Why is Nitiraj Engineer falling/rising?

As of 14-Nov, Nitiraj Engineers Ltd is experiencing a price increase, currently at 200.36, reflecting a change of 19.21 or 10.6% upward. The stock has outperformed its sector today by 10.54%, with a notable rise in investor participation, as evidenced by a 68.85% increase in delivery volume compared to the 5-day average. Over the past week, the stock has gained 7.56%, although it has underperformed the market over the last year with a return of -5.92%. The company maintains a low debt-to-equity ratio of 0.01, and despite a significant annual growth rate of 66.69% in operating profit, its profits have declined by 35.4% over the past year, contributing to mixed investor sentiment.
In the broader market context, while the stock has shown positive short-term performance, it has lagged behind the benchmark Sensex, which has returned 1.64% over the past week and 3.04% over the past month. The stock's year-to-date performance is notably poor at -11.73%, contrasting sharply with the Sensex's gain of 9.58% during the same period. This underperformance, coupled with low management efficiency indicated by a return on equity of 4.83%, suggests that while the stock is currently rising, it faces significant challenges that may affect its long-term viability and attractiveness to investors.