Why is Orient Tech. falling/rising?

As of 03-Jul, Orient Technologies Ltd is experiencing a price increase, currently at Rs 352.95, reflecting a rise of Rs 7.0 or 2.02%. The stock has shown a positive trend today, outperforming its sector by 2.22% and reversing a two-day decline. It reached an intraday high of Rs 353, and its performance over the past week has been strong, with a return of +5.67%. Despite this, the stock has a year-to-date decline of -26.61%. Positive factors contributing to the recent price movement include the company's consistent positive results over the last three quarters, with a notable growth in profit after tax and net sales. However, there are concerns regarding long-term growth potential, as the operating profit has only grown at an annual rate of 15.48% over the last five years, and institutional investor participation has decreased.
In the broader market context, while Orient Technologies has outperformed the Sensex by 5.29% over the past week, it has underperformed on a year-to-date basis, with the Sensex gaining +6.53%. The stock's liquidity remains adequate for trading, but a significant drop in delivery volume indicates falling investor participation, which could impact future price movements. The decline in institutional investor stakes suggests a lack of confidence from more knowledgeable market participants, which may weigh on the stock's performance moving forward.