Why is Techno Elec.Engg falling/rising?

As of 07-Aug, Techno Electric & Engineering Company Ltd is experiencing a price increase, currently at 1,393.30, with a change of 12.75, representing a 0.92% rise. Today's price summary indicates that the stock has outperformed its sector by 0.77% and has gained after two consecutive days of decline. However, the stock's performance over the past week shows a decrease of 4.01%, and it has underperformed the market over the last month and year, with returns of -11.32% and -15.47%, respectively. Despite these declines, the company has reported very positive results in recent quarters, including a significant growth in operating profit and high institutional holdings, which may contribute to the current upward movement.
In the broader market context, the stock's recent performance contrasts with the Sensex, which has seen a smaller decline of 0.69% over the past week and a negative return of only 3.38% over the last month. This suggests that while Techno Electric is currently rising, it has still underperformed the market significantly over the longer term, with a year-to-date return of -11.65% compared to the Sensex's positive return of 3.18%. The company’s high valuation metrics, such as a Price to Book Value of 4.3, and a relatively low long-term growth rate could pose risks, but the recent positive financial results and strong institutional backing may provide some support for its current price increase.