Why is PTC Industries falling/rising?

As of 11-Nov, PTC Industries Ltd is experiencing a price increase, currently at Rs 17,502.00, reflecting a rise of 186.85 (1.08%). The stock has shown a positive trend, gaining after two consecutive days of decline, and it is currently trading close to its 52-week high, just 2.72% away. Over the past week, the stock has risen by 1.71%, and it has outperformed the benchmark Sensex, which has only increased by 0.49%. Additionally, PTC Industries has demonstrated strong performance over longer periods, with a year-to-date return of 30.18% and a remarkable 493.99% increase over the past three years. The stock's positive momentum is supported by rising investor participation, particularly from institutional investors who have increased their stake by 0.81% in the last quarter, indicating confidence in the company's fundamentals.
In the broader market context, PTC Industries' recent performance stands out against the backdrop of the Sensex, which has shown more modest gains. The stock's consistent returns over the past year, coupled with its significant market capitalization of Rs 25,774 crore, position it as a leader in its sector, constituting 31.38% of the entire industry. However, it is important to note that despite these positive indicators, the company faces challenges such as a weak long-term fundamental strength, reflected in its average return on equity of 5.78% and a high price-to-book value ratio. These factors could temper investor enthusiasm in the long run, but the current upward movement appears driven by strong short-term performance and increased institutional interest.