Why is Pokarna falling/rising?

As of 12-Nov, Pokarna Ltd's stock price is rising, currently at Rs 914.00, reflecting an increase of Rs 37.6 or 4.29%. The stock has shown strong performance today, outperforming its sector by 3.91% and achieving a consecutive gain over the last two days with an overall return of 8.79%. It reached an intraday high of Rs 925, and the trading volume has significantly increased, with delivery volume rising by 114.87% compared to the 5-day average. Despite a year-to-date decline of 21.58%, the stock has performed well in the short term, with a 1-month return of 24.44%. Positive factors contributing to this rise include high management efficiency, a robust annual growth rate in net sales and operating profit, and substantial institutional holdings, which suggest confidence from knowledgeable investors.
In the broader market context, Pokarna's recent short-term performance has outpaced the Sensex, which recorded a 1-week return of 1.89% compared to the stock's performance. However, it is important to note that despite this recent uptick, the stock has underperformed over the past year, with a decline of 17.15% against the market's positive return of 8.10%. This underperformance is highlighted by flat results in June, where key financial metrics showed declines, and a high valuation relative to its earnings. While the stock is currently experiencing positive momentum, the long-term outlook remains cautious due to its historical underperformance and expensive valuation metrics.