Why is Swaraj Engines falling/rising?

As of 22-Sep, Swaraj Engines Ltd is currently priced at 4,421.00, reflecting a slight increase of 0.9 (0.02%). The stock has shown a trend reversal, gaining after two consecutive days of decline. It has outperformed its sector by 1.89% today and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past month, the stock has increased by 6.89%, while it has delivered a remarkable 49.43% return year-to-date. The company has demonstrated high management efficiency with a return on equity of 36.97% and has maintained a low debt-to-equity ratio. Additionally, it has reported positive results for the last five consecutive quarters, contributing to its strong performance.
In the broader market context, the stock's recent performance contrasts with the benchmark Sensex, which has gained only 0.46% over the past week. Despite the stock's impressive long-term returns, including a 33.97% increase over the past year, there are concerns regarding its valuation, as it trades at a premium compared to its peers. The falling investor participation, indicated by a 28.57% drop in delivery volume, could signal caution among investors. Nonetheless, the stock's healthy growth in net sales and operating profit suggests a solid foundation for continued performance, despite the risks associated with its current valuation metrics.