Why is Power Mech Proj. falling/rising?

As of 03-Jul, Power Mech Projects Ltd is currently priced at 3,236.20, reflecting an increase of 6.25 or 0.19%. The stock has shown a trend reversal, gaining after two consecutive days of decline. Despite underperforming its sector by 0.99% today, it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive trend. However, there has been a notable decline in investor participation, with delivery volume falling by 57.49% against the 5-day average. Over the past week, the stock has risen by 2.97%, while it has generated a substantial return of 31.70% over the past year, significantly outperforming the BSE500 index.
In the broader market context, the Sensex has experienced a slight decline of 0.62% over the past week, contrasting with Power Mech's positive performance. The company's strong fundamentals, including a healthy long-term growth rate in net sales and operating profit, along with positive quarterly results, have contributed to its rising stock price. The stock's attractive valuation, with a price-to-book ratio of 4.7 and a return on equity of 15.1, further supports investor confidence. Additionally, high institutional holdings at 28.14% suggest that knowledgeable investors are backing the stock, which may enhance its stability and growth potential in the market.