Why is Venus Pipes falling/rising?

As of 02-Jul, Venus Pipes & Tubes Ltd is experiencing a price increase, currently at Rs 1,462.90, which reflects a rise of Rs 98.5 or 7.22%. The stock has outperformed its sector today by 5.81%, reaching an intraday high of Rs 1,478.5, which is an increase of 8.36%. In the short term, the stock has shown a positive return of 5.87% over the past week, although it has a year-to-date decline of 2.90% and a significant drop of 29.45% over the past year. The company benefits from high management efficiency, evidenced by a return on capital employed (ROCE) of 31.02%, and a strong ability to service debt with a low Debt to EBITDA ratio of 0.85 times. Additionally, the stock has seen an increase in institutional holdings by 1.96% over the previous quarter, indicating confidence from larger investors.
In the broader market context, while Venus Pipes has shown positive short-term performance, it has underperformed compared to the benchmark Sensex, which has gained 0.79% over the past week. The stock's long-term performance has been concerning, with a year-over-year return of -29.45%, contrasting sharply with the Sensex's 5.00% increase during the same period. Despite the recent uptick in price, the stock's overall performance remains weak, particularly when considering its flat results in March and an expensive valuation relative to its peers. This combination of strong short-term gains and persistent long-term challenges reflects the complex dynamics influencing Venus Pipes' stock price movements.