Why is Techno Elec.Engg falling/rising?

As of 11-Aug, Techno Electric & Engineering Company Ltd is experiencing a price increase, currently at 1,396.65, reflecting a rise of 15.75 or 1.14%. The stock's performance today is in line with its sector, although it is currently trading higher than its 100-day and 200-day moving averages but lower than its 5-day, 20-day, and 50-day moving averages. Despite a recent decline in investor participation, with delivery volume falling by 21.81% against the 5-day average, the company has shown strong financial results, including a significant growth in operating profit of 109.88% and positive results for the last two consecutive quarters. However, the stock has underperformed in the longer term, with a year-to-date return of -11.44% compared to a positive return of 3.15% for the benchmark.
In the broader market context, the stock has underperformed the market over the past year, with a return of -15.35% compared to the BSE500's negative return of -1.85%. This underperformance is notable given that the company has shown a high institutional holding of 33.01%, indicating confidence from larger investors. However, the stock's valuation appears expensive with a Price to Book Value of 4.3, and its long-term growth has been poor, with an annual growth rate of only 13.66% over the last five years. These factors contribute to a mixed outlook for the stock, as it faces challenges despite recent positive financial results.