Why is Triveni Turbine falling/rising?

As of 09-Jul, Triveni Turbine Ltd. is experiencing a price increase, currently at 644.80, with a change of 4.35 (0.68%) upwards. The stock has shown a positive performance today, outperforming its sector by 0.36% and has been on a consecutive gain for the last two days, rising 1.38% during this period. Over the past week, the stock has increased by 4.25%, while it has also demonstrated strong long-term fundamental strength with an average Return on Equity (ROE) of 23.08%. The company has consistently declared positive results for the last 14 quarters, with net sales and profits reaching their highest levels recently. However, there is a noted decline in investor participation, as delivery volume has fallen by 35.84% against the 5-day average.
In the broader market context, Triveni Turbine's short-term return of 4.25% over the past week significantly outperforms the Sensex, which has only increased by 0.15%. This indicates that the stock is gaining traction relative to the broader market. Despite its recent gains, the stock has a very expensive valuation with a Price to Book Value of 16.9, which may raise concerns among investors. Nevertheless, the high institutional holdings at 38.63% suggest confidence from more knowledgeable investors, potentially supporting the stock's upward movement. Overall, while the stock is rising, the decline in trading volume and high valuation could pose risks moving forward.