Why is The Anup Enginee falling/rising?

As of 02-Sep, The Anup Engineering Ltd's stock price is rising, currently at Rs 2,318.00, reflecting an increase of Rs 74.6 or 3.33%. The stock has shown a positive performance today, outperforming its sector by 3.14% and achieving a consecutive gain over the last two days with a total return of 4.82%. Despite a recent decline of 11.32% over the past month and a year-to-date drop of 33.14%, the company has demonstrated consistent returns over the last three years, with a notable 420.93% increase over that period. The stock's management efficiency is highlighted by a high return on equity (ROE) of 16.55% and a low debt-to-equity ratio, which may contribute positively to investor sentiment.
In the broader market context, the stock's short-term performance of +3.71% over the past week contrasts sharply with the Sensex, which has decreased by 0.78% during the same period. This indicates that The Anup Engineering Ltd is gaining traction relative to the market. However, the stock's liquidity is somewhat concerning, as delivery volume has fallen significantly, indicating a potential decline in investor participation. Additionally, while the company has shown a consistent ability to outperform the BSE500 in recent years, flat results in its latest quarterly performance and a high price-to-book value suggest that investors may be cautious moving forward.