Why is Wonder Electric. falling/rising?

As of 27-Jun, Wonder Electricals Ltd's stock price is currently at Rs 162.45, reflecting an increase of Rs 2.5 or 1.56%. Today's price summary indicates that the stock has outperformed its sector by 0.46% and has experienced a trend reversal, gaining after four consecutive days of decline. The stock opened with a gain of 2.5% today and reached an intraday high of Rs 166.35, which is a 4% increase. Despite a negative performance over the past week and month, with declines of 6.72% and 11.74% respectively, the stock has shown impressive long-term growth, generating an 80.31% return over the past year and an extraordinary 1088.37% over the last three years. The company's recent positive financial results, including a 30.95% growth in net sales and an 80.55% increase in net profit, have contributed to this upward movement, although concerns about its expensive valuation and low domestic mutual fund holdings remain.
In the broader market context, while Wonder Electricals Ltd has struggled in the short term, the benchmark Sensex has increased by 2.00% over the past week and 3.07% over the past month. This indicates that the stock's recent rise is somewhat isolated, as it has not kept pace with the benchmark's performance. The company's ability to generate consistent returns over the last three years, coupled with rising investor participation, suggests a potential recovery phase, although the stock's performance relative to the benchmark highlights the challenges it faces in regaining investor confidence amidst concerns regarding its valuation and market perception.