Why is Rajoo Engineers falling/rising?

As of 14-Jul, Rajoo Engineers Ltd's stock price is currently at 131.20, reflecting an increase of 7.2, or 5.81%. The stock has shown strong performance today, outperforming its sector by 5.68% and opening with a gain of 3.87%. It reached an intraday high of Rs 135.9, marking a 9.6% increase. Over the past week, the stock has surged by 22.56%, while it has also performed positively over the past month with a 6.97% increase. Despite these short-term gains, the stock has faced challenges, including a significant year-to-date decline of 44.27% and a one-year drop of 21.96%. Positive factors contributing to the recent rise include a low debt-to-equity ratio, impressive growth in operating profit at an annual rate of 64.46%, and a net profit increase of 121.28%, with the company declaring positive results for the last nine consecutive quarters. However, the stock is considered expensive with a high price-to-book value and has underperformed the market over the past year.
In the broader market context, while Rajoo Engineers has shown a remarkable short-term return, the benchmark Sensex has declined by 1.42% over the past week, indicating that the stock's recent performance is notably strong compared to the overall market. Despite the positive short-term movements, the stock's long-term performance remains concerning, with a year-to-date decline significantly worse than the benchmark's 5.27% gain. This suggests that while the stock is currently rising, it has struggled to maintain value over a longer period, which may affect investor sentiment moving forward.