Why is Triveni Turbine falling/rising?

As of 08-Jul, Triveni Turbine Ltd. is experiencing a price increase, with its current price at 640.45, reflecting a change of 4.45 (0.7%) upwards. The stock has shown strong performance today, outperforming its sector by 0.37%, and reached an intraday high of Rs 657, which is a 3.3% increase. Over the past week, the stock has risen by 5.69%, and over the past month, it has increased by 8.18%. The company has demonstrated strong long-term fundamental strength, with a notable average Return on Equity (ROE) of 23.08% and a low Debt to Equity ratio. Additionally, the company has reported positive results for the last 14 consecutive quarters, with record net sales and profits, which has likely contributed to the stock's upward movement.
In the broader market context, Triveni Turbine's recent performance contrasts sharply with the Sensex, which has only seen a marginal increase of 0.02% over the past week. This indicates that the stock's rise is driven by company-specific factors rather than broader market trends. Furthermore, the stock's liquidity is adequate, with a delivery volume increase of 12.17% against the 5-day average, suggesting rising investor participation. However, it is important to note that despite the positive performance, the stock is considered expensive with a high Price to Book Value ratio, and while it has generated a return of 1.78% over the past year, its profits have increased significantly, indicating a potentially overvalued situation.