Why is Olectra Greentec falling/rising?

As of 08-Jul, Olectra Greentech Ltd's stock price is currently at Rs 1,214.30, reflecting an increase of Rs 15.3 or 1.28%. Today's performance indicates a trend reversal, as the stock has gained after three consecutive days of decline. It outperformed its sector by 0.5% and reached an intraday high of Rs 1,224, which is a 2.09% increase. However, the stock has underperformed in the short term, with a 1-week return of -0.06% compared to a slight gain of +0.02% for the Sensex. Over the past year, Olectra Greentech has seen a significant decline of -36.28%, while its profits have increased by 80.8%, suggesting a disconnect between stock performance and underlying financial health. The company has reported positive results for the last three quarters, with strong growth in net sales and operating profit, but it is trading at a premium compared to its peers, which may deter some investors.
In the broader market context, while the Sensex has generated a return of +1.85% over the past month and +7.13% year-to-date, Olectra Greentech's performance has been notably weaker, with a year-to-date decline of -16.05%. This underperformance may be contributing to the cautious sentiment among investors, as indicated by the low participation from domestic mutual funds, which hold only 0.46% of the company. The stock's liquidity remains adequate for trading, but the falling delivery volume suggests a decrease in investor interest. Overall, despite some positive financial indicators, the stock's high valuation and recent underperformance relative to the market are likely influencing its current price movement.