Why is Olectra Greentec falling/rising?

As of 22-Jul, Olectra Greentech Ltd's stock is currently priced at 1,271.00, reflecting an increase of 4.55 (0.36%). The stock has shown a positive performance today, reaching an intraday high of Rs 1293.1, which is a 2.1% rise. However, despite this uptick, the stock has experienced a decline of 12.13% year-to-date and a significant drop of 27.37% 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 growing at 81.89%. Nonetheless, it faces challenges such as a high price-to-book value ratio compared to peers and low domestic mutual fund ownership, indicating potential investor hesitance.
In the broader market context, Olectra Greentech's short-term return of +3.48% over the past week contrasts sharply with the Sensex, which has declined by 0.47% during the same period. This suggests that the stock is performing relatively well compared to the overall market. However, the company's long-term performance remains concerning, as it has underperformed the market significantly over the last year, with a return of -27.37% compared to the BSE500's gain of 0.99%. The combination of strong recent financial results and a rising stock price today may not be enough to offset the broader negative sentiment reflected in its long-term performance metrics.