Why is Rajoo Engineers falling/rising?

As of 10-Jul, Rajoo Engineers Ltd is experiencing a price increase, currently at 125.50, reflecting a rise of 4.8 or 3.98%. The stock has shown strong performance today, outperforming its sector by 4.25% and achieving a consecutive gain over the last three days, with a total return of 17.23% during this period. It opened with a gain of 2.94% and reached an intraday high of Rs 127.8, indicating positive momentum. Additionally, the stock has demonstrated significant investor interest, with a delivery volume increase of 532.46% compared to the five-day average. Despite a year-to-date decline of 46.69%, the company has reported healthy long-term growth, with operating profit and net profit increasing substantially, which may be contributing to the recent upward movement.
In the broader market context, the stock's short-term performance contrasts sharply with the benchmark, as it has gained 16.10% over the past week while the Sensex has remained nearly flat with a change of -0.06%. However, over the past year, Rajoo Engineers has underperformed the market significantly, with a return of -20.32% compared to the Sensex's gain of 4.09%. This underperformance, despite positive financial results and a low debt-to-equity ratio, suggests that while the stock is currently rising, it has faced challenges in the longer term, including high valuation concerns and a relatively expensive price-to-book ratio.