Why is The Anup Enginee falling/rising?

As of 14-Jul, The Anup Engineering Ltd's stock price is rising, currently at 2,873.00, reflecting an increase of 26.25 (0.92%). The stock has shown a positive trend today, having gained after two consecutive days of decline. It has outperformed its sector by 1.44%. Over the past week, the stock has increased by 2.31%, while it has delivered a notable 59.92% return over the past year, significantly outperforming the BSE500. The company has demonstrated high management efficiency with a return on equity (ROE) of 16.55%, and it has consistently declared positive results for the last seven quarters, which has likely contributed to the recent price movement. However, there are concerns regarding falling investor participation, as evidenced by a 27.89% drop in delivery volume against the five-day average.
In the broader market context, the stock's short-term performance of +2.31% over the past week stands in stark contrast to the Sensex, which has declined by 1.42% during the same period. This indicates that The Anup Engineering Ltd is gaining traction despite a generally unfavorable market environment. Additionally, the increasing participation of institutional investors, who have raised their stake by 1.61%, suggests a growing confidence in the company's fundamentals, further supporting the stock's upward movement. However, the company faces challenges with its long-term growth prospects, as indicated by a relatively high price-to-book value and a PEG ratio of 4, which may temper future investor enthusiasm.