Why is Shilchar Tech falling/rising?

As of 02-September, Shilchar Technologies Ltd is currently priced at 4,635.85, reflecting an increase of 60.85, or 1.33%. The stock has shown a trend reversal, gaining after five consecutive days of decline. Despite this recent uptick, Shilchar Technologies is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has underperformed with a return of -2.87%, while it has outperformed the sector today by 0.68%. The company has demonstrated strong financial health, with net sales growing at an annual rate of 58.57% and operating profit at 189.75%. However, it is trading at a premium compared to its peers, which may deter some investors.
In the broader market context, Shilchar Technologies has underperformed the Sensex over the past month, with a return of -12.17% compared to the benchmark's -0.55%. Despite the recent positive price movement, the stock's long-term performance remains strong, with a 16.48% return over the last year and an impressive 2333.40% return over the past three years. However, the lack of domestic mutual fund investment may indicate caution among institutional investors regarding the stock's valuation. This combination of strong financial performance and investor skepticism may contribute to the stock's recent fluctuations.