Why is Power Mech Proj. falling/rising?

As of 30-Jun, Power Mech Projects Ltd is experiencing a positive price movement, with its current price at Rs 3,350.10, reflecting an increase of Rs 110.9 or 3.42%. The stock has shown strong performance today, outperforming its sector by 2.87%, and has been on a consecutive gain streak for the last five days, accumulating a return of 11.56% during this period. Additionally, the stock has reached an intraday high of Rs 3,386.6, and it is trading above its moving averages across various time frames. The company has demonstrated healthy long-term growth, with net sales increasing at an annual rate of 19.31% and operating profit at 18.84%. Positive results over the last three consecutive quarters, along with a return on equity of 15.1 and high institutional holdings at 28.14%, further support the stock's upward movement.
In the broader market context, Power Mech Projects Ltd has significantly outperformed the benchmark Sensex, which has only increased by 2.09% over the past week, while the stock itself has risen by 11.56%. This trend of outperformance is consistent, as the stock has generated a return of 35.81% over the past year compared to the Sensex's 5.79%. The strong institutional backing and consistent returns over the last three years indicate a robust investor confidence in the company's fundamentals, contributing to the stock's rising price.