Why is Popular Vehicles falling/rising?

As of 01-Jul, Popular Vehicles & Services Ltd is experiencing a price increase, currently at Rs 138.15, reflecting a rise of 8.05 or 6.19%. The stock has shown strong performance recently, gaining 7.05% over the last two days and outperforming its sector by 6.3% today. Despite a significant decline of 43.45% over the past year, the company has reported a healthy annual growth rate in net sales of 15.20% and operating profit of 18.12%. Additionally, the stock's attractive valuation, indicated by a return on capital employed (ROCE) of 3.7 and a low enterprise value to capital employed ratio of 1.2, suggests potential for long-term growth, supported by high institutional holdings at 24.39%.
In the broader market context, the stock's short-term performance has significantly outpaced the benchmark, with a 14.17% increase over the past week compared to a 2.00% rise in the Sensex. This indicates that while the stock has struggled year-to-date with a decline of 10.87%, its recent momentum suggests a recovery phase, particularly in light of the positive sales and profit growth. However, it is important to note that the stock's liquidity is somewhat constrained, with a notable drop in delivery volume, which could impact future trading dynamics.