Why is Tube Investments falling/rising?

As of 20-Aug, Tube Investments of India Ltd is experiencing a price increase, currently at Rs 3,182.90, reflecting a rise of 28.9 points or 0.92%. The stock has shown strong performance recently, gaining 4.22% over the last two days and outperforming its sector by 0.8% today. It has also been trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, the stock's delivery volume has increased by 8.17% compared to the 5-day average, indicating rising investor participation. Despite a year-to-date decline of 10.44% and a one-year drop of 22.24%, the company maintains a low debt-to-equity ratio and strong long-term growth metrics, with net sales and operating profit growing at annual rates of 39.50% and 46.60%, respectively.
In the broader market context, Tube Investments has outperformed the Sensex over the past week and month, with returns of 4.58% and 9.12%, respectively, compared to the Sensex's 1.64% and 0.12%. However, the stock has underperformed the market over the past year, with a significant decline of 22.24% against the BSE500's negative return of 1.20%. The company's high institutional holdings at 43.55% suggest that informed investors are confident in its fundamentals, despite recent negative results and an expensive valuation relative to peers. This combination of factors contributes to the stock's recent upward movement, as investors may be reacting positively to its strong operational metrics and growth potential.