Why is Servotech Renew falling/rising?

As of 17-Jul, Servotech Renewable Power System Ltd's stock price is currently at 147.99, reflecting a slight increase of 0.08 (0.05%). The stock has shown a positive performance today, aligning with sector trends, and is trading above its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below the 200-day moving average. Notably, there has been a significant rise in investor participation, with delivery volume increasing by 123.33% compared to the 5-day average. Over the past week, the stock has gained 3.37%, while it has outperformed the benchmark Sensex, which has declined by 0.96%. The company has demonstrated strong financial health, with a low Debt to EBITDA ratio and impressive growth in net sales and profits, contributing to a positive outlook.
In the broader market context, while Servotech's stock has shown a 4.13% increase over the past month, the Sensex has only risen by 1.04%, indicating a stronger relative performance. Despite the positive returns over the past year and consistent growth, the stock's valuation appears expensive, as indicated by its high enterprise value to capital employed ratio. Additionally, the lack of domestic mutual fund investment may suggest caution among institutional investors regarding the stock's current price. Overall, the combination of strong financial results and rising investor interest supports the stock's recent upward movement, despite concerns over valuation and institutional participation.