Why is Syrma SGS Tech. falling/rising?

As of 30-Jun, Syrma SGS Technology Ltd is experiencing a price increase, currently trading at Rs 566.70, which reflects a rise of 9.6 points or 1.72%. The stock has shown strong performance today, outperforming its sector by 2.39% and achieving a consecutive gain over the last five days, with a total return of 12.3% during this period. Additionally, the stock has reached an intraday high of Rs 570.5. It is trading above all key moving averages, indicating positive momentum. The company has demonstrated healthy growth, with net sales increasing at an annual rate of 36.11% and net profit rising by 34.79%, contributing to its positive results over the last three quarters. However, there are concerns regarding its valuation, as indicated by a high enterprise value to capital employed ratio and a decrease in institutional investor participation.
In the broader market context, Syrma SGS Technology Ltd has significantly outperformed the benchmark Sensex in the short term, with a one-week return of 12.3% compared to the Sensex's 2.09%. While the stock has shown strong performance recently, it is important to note that its year-to-date return is down 4.05%, contrasting with the Sensex's gain of 7.00%. This suggests that while the stock is currently on an upward trajectory, it has faced challenges earlier in the year, and the recent gains may reflect a recovery phase rather than a consistent upward trend.