Why is Thejo Engg. falling/rising?

As of 10-Jun, Thejo Engineering Ltd's stock price is rising, currently at 1,935.60, reflecting an increase of 125.6 or 6.94%. Today's price summary indicates that the stock has outperformed its sector by 5.29%, and it is trading above its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below the 200-day moving average. The stock has also seen a significant rise in delivery volume, increasing by 69.92% compared to the 5-day average, suggesting heightened investor interest. Despite a year-to-date decline of 4.05% and a one-year drop of 31.11%, the stock has shown strong performance over the longer term, with a 3-year return of 99.55% and a 5-year return of 313.77%. The company's high management efficiency, indicated by a return on equity (ROE) of 18.50%, and a low debt-to-equity ratio further support its positive outlook. Additionally, institutional investors have increased their stake, which may enhance confidence in the stock's fundamentals.
In the broader market context, Thejo Engineering Ltd's short-term performance over the past week shows a return of 1.11%, which is lower than the Sensex's return of 2.29% for the same period. However, the stock's recent rise can be attributed to positive quarterly results, including record net sales and operating profit margins, which have likely attracted more investor participation. The increasing involvement of institutional investors, who collectively hold 3.69% of the company, suggests a growing confidence in the stock's potential, contrasting with its recent underperformance relative to the benchmark.