Why is Thejo Engg. falling/rising?

As of 08-Jul, Thejo Engineering Ltd's stock price is rising, currently at 2,038.30, reflecting an increase of 34.1 or 1.7%. The stock has shown strong performance recently, outperforming its sector by 1.37% today and trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 385.2% compared to the 5-day average. Over the past week, the stock has gained 11.90%, while its performance over the last month is up by 10.93%. However, it is important to note that the stock has a year-to-date return of only 1.04% and a one-year return of -38.55%. The company's high management efficiency, indicated by a return on equity (ROE) of 18.50%, and a low debt-to-equity ratio contribute positively to its recent upward movement. Furthermore, institutional investors have increased their stake, which may enhance confidence in the stock's fundamentals.
In the broader market context, Thejo Engineering Ltd's recent performance contrasts with the Sensex, which has seen a slight decline of 0.08% over the past week and a modest gain of 2.08% over the last month. This indicates that while the stock is rising, it is doing so against a backdrop of a relatively stable market. The stock's strong short-term returns, particularly in comparison to the benchmark, suggest that it is gaining traction among investors, likely driven by positive financial results and increased institutional interest.