Why is Prince Pipes falling/rising?

As of 11-Jun, Prince Pipes & Fittings Ltd is experiencing a price increase, currently at Rs 360.75, reflecting a rise of Rs 20.2 or 5.93%. The stock has shown strong performance recently, gaining 8.41% over the last two days and outperforming its sector by 6.1% today. It reached an intraday high of Rs 362.95, indicating positive momentum. Despite a significant decline of 46.33% over the past year, the stock has rebounded with a 46.20% increase over the last month. Factors contributing to this rise include high management efficiency with a return on capital employed (ROCE) of 17.99%, a low debt-to-equity ratio of 0.04, and substantial institutional holdings at 21.17%, which suggest confidence from knowledgeable investors. However, the company has faced challenges, including a 74.5% drop in profits and negative results for the last four consecutive quarters, which could temper long-term investor sentiment.
In the broader market context, Prince Pipes has significantly outperformed the benchmark Sensex in the short term, with a 9.93% increase over the past week compared to the Sensex's 1.87% rise. This contrast highlights the stock's recent strength relative to the overall market. However, it is essential to note that the stock has underperformed against the benchmark over the longer term, with a 46.33% decline in the past year versus the Sensex's 7.92% gain. This mixed performance indicates that while the stock is currently rising, it faces ongoing challenges that may affect its future trajectory.