Why is Responsive Ind falling/rising?

As of 10-Jun, Responsive Industries Ltd's stock price is currently at Rs 218.80, reflecting an increase of Rs 10.8 or 5.19%. The stock has been on an upward trend, gaining 8.94% over the last three days and outperforming its sector by 5.09% today. Additionally, the stock has shown strong performance over the past week and month, with returns of 7.57% and 21.79%, respectively. The company has demonstrated a strong ability to service debt, evidenced by a low Debt to EBITDA ratio of 1.18 times, and has reported impressive growth in operating profit at an annual rate of 63.05%. However, it is important to note that the stock is technically in a mildly bearish range, with MACD and KST indicators also suggesting bearish trends.
In the broader market context, while Responsive Industries Ltd has outperformed the Sensex in the short term, it has significantly underperformed over the past year, with a return of -33.10% compared to the Sensex's 7.72%. This underperformance highlights a disconnect between the stock's recent gains and its longer-term trajectory. Despite the positive quarterly results, including record net sales and operating profit, the stock's valuation remains high, with a ROCE of 14.3 and a PEG ratio of 1.2, indicating it may be considered expensive relative to its earnings growth. The high institutional holdings at 35.13% suggest that informed investors are closely monitoring the stock, which may contribute to its recent price movements.