Why is Tube Investments falling/rising?

As of 30-Jun, Tube Investments of India Ltd is experiencing a price increase, currently at 3,103.40, reflecting a rise of 20.3 points or 0.66%. The stock has shown a strong performance recently, gaining 8.89% over the last three days, and is currently trading above its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below the 200-day moving average. The stock's delivery volume has also increased significantly, indicating rising investor participation. Despite a year-to-date decline of 12.68% and a one-year drop of 27.18%, the company maintains strong long-term fundamentals, characterized by low debt and robust growth in net sales and operating profit. However, recent negative financial results, including a significant drop in profit before tax and profit after tax, have raised concerns about its valuation, which is considered expensive compared to peers.
In the broader market context, Tube Investments has outperformed the benchmark Sensex over the past week, with a return of 8.16% compared to the Sensex's 2.09%. However, the stock has underperformed over the longer term, with a one-year return of -27.18% against the Sensex's gain of 5.79%. This disparity highlights the challenges the company faces despite its recent positive price movement. The high institutional ownership of 43.49% suggests that informed investors are backing the stock, which may provide some support against broader market fluctuations. Overall, while the stock is currently rising, its long-term performance and recent financial results present a mixed outlook.