Why is Olectra Greentec falling/rising?

As of 16-Jul, Olectra Greentech Ltd's stock price is currently at Rs 1,250.75, reflecting an increase of Rs 22.55 or 1.84%. The stock has shown a positive trend recently, gaining 3.19% over the last two days and outperforming its sector by 2.2% today. Additionally, the stock has performed well over the past week and month, with returns of +3.90% and +5.87%, respectively. However, it has a mixed performance year-to-date, down 13.53%, and a significant decline of 31.00% over the past year. The company has reported strong financial growth, with net sales increasing at an annual rate of 55.14% and operating profit at 81.89%. Despite these positive indicators, the stock is considered expensive with a high Price to Book Value of 9.8, and domestic mutual funds hold a very small stake, which may indicate a lack of confidence in its current valuation.
In the broader market context, Olectra Greentech's recent performance contrasts with the Sensex, which has declined by 1.08% over the past week while the stock has risen. This suggests that the stock is gaining traction despite a generally unfavorable market environment. However, the stock has underperformed the market over the last year, generating negative returns of -31.00% compared to the BSE500's slight gain of 0.47%. The falling investor participation, as indicated by a significant drop in delivery volume, could be a concern for future price stability. Overall, while the stock is experiencing a short-term rise, its long-term performance and valuation concerns may weigh on investor sentiment.