Why is Olectra Greentec falling/rising?

As of 13-Aug, Olectra Greentech Ltd's stock price is currently at Rs 1,479.85, reflecting an increase of Rs 48.5 or 3.39%. The stock has been on an upward trend, gaining for the last three days and achieving a total return of 4.92% during this period. Additionally, it has outperformed its sector by 1.43% today and reached an intraday high of Rs 1,515, which is a 5.84% increase. Over the past week, the stock has risen by 5.12%, while it has shown a significant 20.80% increase over the past month. However, despite these positive movements, there are concerns regarding the company's low Return on Equity (ROE) of 7.06%, indicating low profitability relative to shareholders' funds, and a relatively high Price to Book Value ratio of 11.2, suggesting the stock may be overvalued compared to its peers.
Broader Market Context: In comparison to the benchmark Sensex, which has remained flat with a change of -0.01% over the past week, Olectra Greentech's strong performance highlights its relative strength in the market. While the stock has shown positive short-term returns, it is important to note that its year-to-date performance is modest at 2.31%, and it has underperformed over the past year with a decline of 10.63%. The falling investor participation, as evidenced by a 32.47% drop in delivery volume, may also indicate caution among investors despite the stock's recent gains. Overall, while the stock is experiencing a rise, the mixed signals from its financial metrics and market participation suggest a complex outlook.