Why is Techno Elec.Engg falling/rising?

As of 09-Jul, Techno Electric & Engineering Company Ltd is experiencing a price increase, currently at 1,620.65, with a change of 4.5 (0.28%) upward. The stock has shown strong performance recently, outperforming its sector by 0.29% today and achieving a consecutive gain over the last two days, resulting in a total return of 3.15% during this period. Additionally, the stock has consistently outperformed the benchmark Sensex over various time frames, including a 1-week return of 1.76% compared to the Sensex's 0.15%. Positive factors contributing to this rise include a significant growth in operating profit of 109.88%, high institutional holdings at 33.83%, and consistent returns over the last three years. However, there are concerns regarding its long-term growth potential and high valuation metrics, which could temper investor enthusiasm.
In the broader market context, Techno Electric's short-term performance has been notably strong, with a 1-week return of 1.76%, significantly exceeding the Sensex's 0.15% return during the same period. This indicates that the stock is gaining traction relative to the overall market, likely driven by positive financial results and strong investor participation, as evidenced by a 16.76% increase in delivery volume. Despite some risks related to its valuation and slower long-term growth, the current momentum suggests that investor confidence remains high, contributing to the stock's upward movement.