Why is Taneja Aerospace falling/rising?

As of 31-Jul, Taneja Aerospace & Aviation Ltd is experiencing a price increase, currently at 455.00, reflecting a rise of 8.3 or 1.86%. The stock has outperformed its sector by 2.46% today and has shown a consecutive gain over the last two days, with a total return of 3.89% during this period. Despite a narrow trading range of Rs 0.6, the stock is trading above its 5-day, 50-day, 100-day, and 200-day moving averages, although it is below the 20-day moving average. The company has demonstrated strong financial performance with a significant growth in net profit and sales, alongside a low debt-to-equity ratio, which supports a positive outlook. However, concerns about long-term growth persist, as evidenced by modest annual growth rates in net sales and operating profit over the past five years, coupled with a high price-to-book value ratio.
In the broader market context, Taneja Aerospace has outperformed the Sensex over the past week, gaining 2.01% while the benchmark has declined by 1.22%. However, the stock has underperformed the market over the past year, with a return of -23.80% compared to the Sensex's -0.68%. This disparity indicates that while the stock is currently rising, it has faced significant challenges in the longer term, which may affect investor sentiment. The lack of domestic mutual fund investment suggests caution among institutional investors, potentially impacting the stock's liquidity and future performance.