Why is The Anup Enginee falling/rising?

As of 15-Jul, The Anup Engineering Ltd's stock price is currently at Rs 2,910.60, reflecting an increase of Rs 37.6 or 1.31%. The stock has shown positive momentum, gaining for the last two consecutive days with a total return of 2.24% during this period. Despite touching an intraday low of Rs 2,815, the stock has outperformed its sector by 0.8%. Over the past week, it has risen by 2.63%, and over the last month, it has increased by 6.10%. The company has demonstrated strong management efficiency with a high return on equity (ROE) of 16.55%, and it has reported positive results for the last seven consecutive quarters, which has likely contributed to the recent price increase. However, there is a noted decline in investor participation, with delivery volume falling by 56.51% against the five-day average, which may indicate some caution among retail investors.
In the broader market context, The Anup Engineering Ltd's short-term performance contrasts with the benchmark Sensex, which has declined by 1.36% over the past week. While the stock has outperformed the benchmark in the short term, it has underperformed on a year-to-date basis, with a decline of 16.05% compared to the Sensex's gain of 5.67%. The increasing participation of institutional investors, who have raised their stake by 1.61%, suggests a positive outlook from more sophisticated market players, which could further support the stock's price. However, concerns about its long-term growth potential and high valuation metrics, such as a PEG ratio of 4, may temper enthusiasm among some investors.