Why is Rajoo Engineers falling/rising?

As of 06-Oct, Rajoo Engineers Ltd is experiencing a price increase, currently at Rs 90.72, reflecting a rise of 4.32 or 5.0%. The stock has shown a positive performance today, outperforming its sector by 5.71% and achieving a consecutive gain over the last three days with a total return of 10.63%. Despite a significant decline of 78.65% over the past year, the stock has recently demonstrated resilience with a weekly return of 7.49%. The company has reported strong financial results, with operating profit and net profit growing substantially, contributing to a positive outlook despite its high valuation metrics, such as a Price to Book Value of 9.9.
Broader market context indicates that while Rajoo Engineers has underperformed the market over the past year, its recent short-term performance contrasts favorably against the benchmark, which has only returned -1.93% in the same period. The stock's liquidity remains adequate, although there has been a notable decline in investor participation, with delivery volume decreasing by 31.97% against the five-day average. This combination of strong recent performance, healthy long-term growth indicators, and a significant drop in delivery volume suggests that while the stock is currently rising, it faces challenges that could impact its sustainability in the longer term.