Why is Pilani Invest. falling/rising?

As of 27-Jun, Pilani Investment & Industries Corporation Ltd is experiencing a price increase, currently at Rs 5,587.55, reflecting a rise of Rs 313.55 or 5.95%. The stock has been on an upward trend, gaining for the last four days with a total return of 10.41% during this period. It has outperformed its sector by 5.86% today and has shown strong performance over various time frames, including a 19.42% increase over the past month and a remarkable 255.61% rise over the last three years. However, despite these gains, the company has faced challenges, including a significant drop in profits of -40.8% over the past year and a weak long-term fundamental strength indicated by a low Return on Equity (ROE) of 1.35%. The stock is trading at a premium compared to its peers, which may raise concerns among investors.
In the broader market context, Pilani Investment's recent performance has significantly outpaced the benchmark Sensex, which has only increased by 2.00% over the past week and 3.07% over the past month. This strong relative performance may attract more investor interest, contributing to the stock's upward movement. However, the lack of domestic mutual fund investment, holding only 0% of the company, suggests that institutional investors may have reservations about the stock's valuation or business fundamentals. Overall, while the stock is currently rising, the underlying financial challenges and market perceptions could influence its future performance.