Why is The Anup Enginee falling/rising?

As of 17-Jul, The Anup Engineering Ltd's stock price is rising, currently at 2,874.30, reflecting an increase of 25.9 or 0.91%. The stock has outperformed its sector by 0.47% today, although it is trading lower than its 5-day, 100-day, and 200-day moving averages. Over the past week, the stock has shown a modest gain of 0.27%, while it has significantly outperformed the benchmark Sensex over the last month with a return of 7.98% compared to the Sensex's 0.83%. Positive factors contributing to this rise include high management efficiency indicated by a return on equity (ROE) of 16.55%, a low debt-to-equity ratio, and consistent positive results over the last seven quarters, with record net sales and profits. Additionally, institutional investors have increased their stake, suggesting growing confidence in the company's fundamentals.
In the broader market context, while The Anup Engineering Ltd has shown a positive short-term return, the Sensex has declined by 1.12% over the past week, highlighting the stock's relative strength in a challenging market environment. Despite the positive short-term performance, the stock's year-to-date return is down 17.09%, indicating potential concerns about long-term growth, as operating profit growth has lagged behind its stock performance. The stock's high valuation, with a price-to-book ratio of 9.4, raises questions about sustainability, especially given that profits have only increased by 12.9% over the past year.