Why is Stratmont Indus. falling/rising?

As of 30-Sep, Stratmont Industries Ltd is experiencing a price increase, currently at Rs 74.42, reflecting a rise of 3.54 or 4.99%. The stock has shown positive momentum, gaining 10.24% over the last two days and outperforming its sector by 5.58% today. It opened with a gain of 4.99% and reached an intraday high of Rs 74.42. Despite a significant decline of 37.30% year-to-date and a 30.47% drop over the past year, the company has demonstrated high management efficiency with a return on capital employed (ROCE) of 17.58% and strong net sales growth at an annual rate of 163.20%. Additionally, high institutional holdings at 28.1% suggest confidence from more sophisticated investors, which may positively influence retail investor sentiment.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark, as it has outperformed the Sensex by 2.17% over the past week while the benchmark has declined by 2.23%. However, the stock's long-term performance remains concerning, with a substantial underperformance compared to the market over the past year. Despite the recent gains, the stock's valuation is considered very expensive, and it has been trading at a discount compared to its peers' historical valuations. This mixed performance indicates that while there are positive short-term movements, the overall long-term outlook remains uncertain.