Why is Power Mech Proj. falling/rising?

As of 07-Jul, Power Mech Projects Ltd is experiencing a price increase, currently at 3,261.15, reflecting a rise of 31.15 or 0.96%. The stock has shown strong performance over the past month, with a return of 7.31%, and has outperformed the sector today by 1.33%. Despite a recent decline in investor participation, as indicated by a 38.19% drop in delivery volume, the stock remains above its 20, 50, 100, and 200-day moving averages. 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 in the last three quarters, including record net sales and profits, along with a favorable return on equity of 15.1, contribute to its attractive valuation compared to peers.
In the broader market context, the stock's short-term performance has been relatively strong, outperforming the benchmark Sensex, which has only declined by 0.20% over the past week while Power Mech Projects Ltd has fallen by 2.66%. However, its year-to-date return of 26.50% significantly surpasses the Sensex's 6.79%, indicating robust market-beating performance over a longer horizon. The high institutional holdings at 28.14% suggest confidence from knowledgeable investors, further supporting the stock's upward trajectory despite recent fluctuations in trading volume.