Why is Power Mech Proj. falling/rising?

As of 17-Nov, Power Mech Projects Ltd is experiencing a rise in its stock price, currently at Rs 2,491.00, with an increase of 76.95, representing a 3.19% gain. The stock has shown strong performance today, outperforming its sector by 2.63% and achieving a consecutive gain over the last two days, with an overall return of 8.36% during this period. Additionally, the stock touched an intraday high of Rs 2,513.4. While it is trading above its 5-day moving average, it remains below its longer-term moving averages. The stock's liquidity appears adequate, with a notable increase in delivery volume, indicating rising investor participation. Despite a negative return of -5.63% over the past year, the company has demonstrated healthy long-term growth with net sales increasing at an annual rate of 26.58% and operating profit growing at 69.81%.
In the broader market context, the stock's short-term return of +3.61% over the past week significantly outpaces the Sensex, which has gained only +1.69% during the same period. However, the stock has underperformed the market over the last year, where the BSE500 index has returned +8.59%. The company benefits from a low debt-to-equity ratio and high institutional holdings, which may provide stability and confidence among investors. Despite these positives, concerns remain regarding flat results in the recent quarter and a higher debt-equity ratio in the half-year, which could weigh on future performance. Overall, the recent price increase reflects a combination of positive investor sentiment and strong fundamentals, despite the challenges faced in the longer term.