Why is Olectra Greentec falling/rising?

As of 15-Jul, Olectra Greentech Ltd's stock price is currently at Rs 1,228.20, reflecting an increase of Rs 16.15 or 1.33%. The stock has shown a trend reversal by gaining after two consecutive days of decline, outperforming its sector by 1.86%. It reached an intraday high of Rs 1,242.05, indicating positive momentum. However, the stock's delivery volume has decreased significantly by 58.81% compared to the 5-day average, suggesting a decline in investor participation. Over the past week, the stock has gained 1.14%, while it has underperformed the market over the past year with a return of -32.10%.
In the broader market context, the Sensex has experienced a decline of 1.36% over the past week, contrasting with Olectra's positive short-term performance. Despite the company's strong fundamentals, including a low debt-to-equity ratio and significant growth in net sales and operating profit, the stock is perceived as expensive with a high price-to-book value compared to its peers. Additionally, the low stake held by domestic mutual funds may indicate a lack of confidence in the stock's current valuation. Overall, while the stock is experiencing a short-term rise, its long-term performance remains concerning due to substantial underperformance relative to the market.