Why is Titagarh Rail falling/rising?

As of 04-Jul, Titagarh Rail Systems Ltd is experiencing a price increase, currently at 942.95, reflecting a rise of 3.95 (0.42%). The stock has shown a trend reversal, gaining after two consecutive days of decline. It has outperformed its sector by 0.73% today, although it has seen a significant drop in delivery volume, which fell by 59.61% compared to the five-day average. Over the past week, the stock has increased by 0.74%, while it has underperformed in the longer term, with a year-to-date decline of 14.72% and a staggering 47.28% drop over the past year. Despite these challenges, the company has demonstrated healthy long-term growth with an annual operating profit increase of 34.45% and maintains high institutional holdings at 25.05%, indicating confidence from more knowledgeable investors.
In the broader market context, the stock's recent performance contrasts with the benchmark, as the Sensex has gained 3.01% over the past month. While the stock has shown some short-term resilience, its long-term performance remains concerning, particularly given its significant underperformance relative to the market over the past year. The negative factors, including disappointing results in March and a low return on capital employed (ROCE) of 14.63%, contribute to a perception of an expensive valuation, with a price-to-book value of 5.1. This backdrop of mixed performance and valuation concerns suggests that while there may be short-term gains, the stock faces substantial headwinds in the longer term.