Why is Triveni Turbine falling/rising?

As of 10-Jul, Triveni Turbine Ltd. is experiencing a price increase, currently at 647.15, reflecting a rise of 2.35 (0.36%). The stock has shown positive momentum, gaining for the last three consecutive days with a total return of 1.75% during this period. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong short-term performance. However, there has been a notable decline in investor participation, with delivery volume dropping by 46.97% compared to the 5-day average. The company has demonstrated strong long-term fundamentals, with a consistent average Return on Equity (ROE) of 23.08% and positive results for the last 14 consecutive quarters, which supports its recent price movement.
In the broader market context, Triveni Turbine's short-term return of 1.20% over the past week contrasts with the Sensex, which has seen a slight decline of 0.06%. This outperformance in the short term, alongside the company's solid fundamentals and high institutional holdings at 38.63%, suggests that investors are confident in its growth potential despite the stock's year-to-date decline of 12.44%. The stock's valuation, while considered expensive with a Price to Book Value of 16.9, is trading at a discount compared to its peers, which may attract investors looking for value in a strong performer.