Why is Tamboli Industri falling/rising?

As of 25-Jun, Tamboli Industries Ltd is experiencing a price increase, currently at Rs 174.00, reflecting a rise of 6.6 or 3.94%. The stock has shown strong performance today, outperforming its sector by 3.33% and opening with a gain of 3.61%. It reached an intraday high of Rs 174, and it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has increased by 10.16%, although it has seen a decline of 0.63% over the past month. Positive factors contributing to this rise include the highest cash and cash equivalents at Rs 22.87 crore and net sales reaching Rs 19.80 crore, alongside a return on equity (ROE) of 6.8, indicating fair valuation compared to peers. However, there are concerns regarding weak long-term fundamental strength, as evidenced by a low average ROE of 9.83% and slow growth in net sales.
In the broader market context, Tamboli Industries' recent short-term performance significantly outpaces the benchmark, with a 10.16% increase over the past week compared to the Sensex's 1.61% rise. Despite a year-to-date decline of 14.79%, the stock has generated a notable return of 37.88% over the past year, which is substantially higher than the market's return of 6.02%. This strong yearly performance indicates that while the stock has faced challenges, its recent upward movement may reflect investor optimism based on its recent financial results and market-beating performance, despite the noted decline in investor participation and liquidity concerns.