Why is Thejo Engg. falling/rising?

As of 16-Jul, Thejo Engineering Ltd's stock price is rising, currently at 2,355.40, reflecting an increase of 15.5 or 0.66%. The stock has shown strong performance recently, outperforming its sector by 0.3% today and trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has gained 7.72%, and in the last month, it has surged by 27.17%, while year-to-date returns stand at 16.76%. Positive factors contributing to this rise include high management efficiency with a return on equity (ROE) of 18.50%, a low debt-to-equity ratio, and impressive quarterly results, including record net sales and operating profit margins. Additionally, there has been increasing participation from institutional investors, who have raised their stake in the company, indicating confidence in its fundamentals.
In the broader market context, Thejo Engineering Ltd has significantly outperformed the benchmark Sensex in the short term, with a 1-month return of 27.17% compared to the Sensex's 1.06%. However, it is worth noting that the stock has underperformed over the past year, with a return of -29.76% against the Sensex's 2.43%. This long-term underperformance may create caution among some investors despite the recent positive trends. The stock's valuation remains a concern, as it is considered expensive relative to its peers, and its long-term growth has been modest, with net sales and operating profit growth rates of 12.70% and 10.00%, respectively, over the last five years.