Why is Olectra Greentec falling/rising?

As of 02-Jul, Olectra Greentech Ltd's stock price is currently at 1,217.80, reflecting an increase of 2.75 (0.23%). The stock has shown a positive trend recently, gaining 3.93% over the last two days and outperforming its sector by 0.28%. Additionally, the stock's performance over the past week has been strong, with a return of +2.49%, although it has underperformed over the past month with a decline of -1.94% and a year-to-date drop of -15.81%. The company has demonstrated healthy long-term growth, with net sales increasing at an annual rate of 55.14% and operating profit at 81.89%. However, despite these positive indicators, the stock is considered expensive with a high Price to Book Value ratio of 9.5, and domestic mutual funds hold only a small stake in the company, which may indicate a lack of confidence at current price levels.
In the broader market context, Olectra Greentech's recent performance has been favorable compared to the benchmark, as it has outperformed the Sensex by 0.79% over the past week. However, the stock has significantly underperformed the market over the past year, with a return of -32.47% compared to the BSE500's gain of 3.11%. This disparity highlights the challenges the company faces despite its strong growth metrics. The rising investor participation, indicated by a substantial increase in delivery volume, suggests a growing interest in the stock, which may help support its price in the short term. Nonetheless, the overall negative sentiment from its long-term underperformance and high valuation could weigh on future price movements.