Why is Solitaire Mach. falling/rising?

As of 04-Aug, Solitaire Machine Tools Ltd is experiencing a price increase, currently at 143.60, reflecting a rise of 1.6 or 1.13%. Today's price summary indicates that the stock has outperformed its sector by 1.29% and has shown a trend reversal after two consecutive days of decline. Despite a recent 1-week drop of 1.27%, the stock has performed well year-to-date with a return of 31.50% and a remarkable 45.20% increase over the past year. However, there are concerns regarding the company's long-term fundamental strength, as indicated by a weak average Return on Equity (ROE) of 9.45% and poor growth in net sales and operating profit over the last five years. Additionally, the company's recent financial results have shown a significant decline in net sales and profitability, which may be contributing to investor caution.
In the broader market context, while the Sensex has shown a slight gain of 0.16% over the past week, Solitaire Machine Tools Ltd's short-term performance has lagged behind this benchmark. The stock's ability to generate a substantial return of 45.20% over the past year stands in contrast to the negative returns of -2.34% from the broader BSE500 index, highlighting its market-beating performance. Nonetheless, the stock's high valuation relative to its peers, coupled with weak fundamentals, suggests that while it may be rising in the short term, there are underlying challenges that could impact its future performance.