Why is Responsive Ind falling/rising?

As of 03-Jul, Responsive Industries Ltd is experiencing a price increase, currently at Rs 242.05, which reflects a rise of 1.55 or 0.64%. The stock has shown strong performance recently, gaining 17.96% over the last seven days and outperforming its sector by 0.88% today. It reached an intraday high of Rs 245.6, and it is trading above all key moving averages, indicating positive momentum. However, there has been a decline in investor participation, with delivery volume falling by 30.03% against the five-day average. The company has a low Debt to EBITDA ratio of 1.18, strong operating profit growth of 63.05% annually, and high institutional holdings at 35.13%, which may contribute to investor confidence despite its recent underperformance over the past year.
In the broader market context, the stock has outperformed the benchmark Sensex in the short term, with a one-week return of 14.17% compared to the benchmark's decline of 0.62%. However, it has underperformed over the longer term, with a year-to-date return of -2.67% against the Sensex's gain of 6.53%. Despite the stock's recent gains, it has faced challenges, including a significant decline of -22.79% over the past year, which contrasts with the market's positive performance. The stock's valuation appears expensive with a ROCE of 14.3 and a PEG ratio of 1.4, suggesting that while there are positive growth indicators, the stock may still be viewed cautiously by some investors.