Why is P I Industries falling/rising?

As of 10-Nov, P I Industries Ltd is experiencing a price increase, currently at 3,824.00, reflecting a rise of 67.65 (1.8%). The stock has outperformed its sector today by 1.41% and has shown a consecutive gain over the last three days, accumulating a total return of 3.84% during this period. Despite a decline in delivery volume by 16.18% against the 5-day average, the stock remains liquid enough for trading. The company boasts a high management efficiency with a return on equity (ROE) of 16.06% and a low debt-to-equity ratio, indicating a solid financial position. However, it has faced challenges, including flat results in June and a significant underperformance against the benchmark over the past year, with a return of -15.90%.
In the broader market context, P I Industries has outperformed the Sensex in the short term, with a 1-week return of +3.67% compared to the benchmark's -0.53%. While the stock has shown positive short-term performance, it has consistently underperformed over the last three years, highlighting a mixed outlook. The company's high institutional holdings at 46.82% suggest confidence from larger investors, which may support the stock's recent upward movement despite its historical underperformance and valuation concerns.