Why is Power Mech Proj. falling/rising?

As of 22-Jul, Power Mech Projects Ltd is currently priced at 3,216.00, reflecting an increase of 6.85 (0.21%). The stock has shown a trend reversal, gaining after two consecutive days of decline. It has outperformed its sector by 0.35% today, although there has been a decrease in investor participation, with delivery volume falling by 14.69% against the 5-day average. Over the past week, the stock has declined by 1.43%, but it has increased by 5.44% over the past month and has generated a significant return of 24.75% year-to-date. The company has demonstrated healthy long-term growth, with net sales and operating profit increasing at annual rates of 19.31% and 18.84%, respectively. Additionally, the stock is trading at a discount compared to its peers, supported by strong institutional holdings at 28.39%.
In the broader market context, while the Sensex has decreased by 0.47% over the past week, Power Mech Projects Ltd has outperformed this benchmark, indicating relative strength. The stock's performance over the last three years has been remarkable, with a return of 630.20%, significantly surpassing the Sensex's 46.57% increase in the same period. This consistent outperformance, along with positive quarterly results and a favorable valuation, suggests that the stock's recent rise is supported by strong fundamentals, despite the short-term decline in delivery volumes.