Why is A B B falling/rising?

As of 12-Sep, ABB India Ltd's stock price is currently at Rs 5,245.65, reflecting an increase of Rs 25.65, or 0.49%. The stock has been on an upward trend, gaining for the last four consecutive days with a total return of 2.65% during this period. It has also outperformed the benchmark Sensex over the past week and month, with returns of 2.38% and 3.42%, respectively. Despite a narrow trading range of Rs 49.7, the stock shows positive momentum, supported by rising investor participation, as evidenced by a 3.57% increase in delivery volume. The company has strong long-term fundamentals, characterized by low debt and high profitability, with an operating profit growth rate of 58.98%. However, it faces challenges such as a significant decline in quarterly profit after tax and low operating profit margins, which may temper investor sentiment.
Broader market context indicates that while ABB India Ltd has underperformed the market over the past year with a return of -31.92%, it has recently shown resilience compared to the broader BSE500 index, which recorded a negative return of -3.45%. The stock's performance in the short term suggests a recovery phase, as it has managed to gain traction against the backdrop of a generally challenging market environment. Despite its recent gains, the stock remains expensive relative to its peers, with a high price-to-book value and a PEG ratio of 5.3, indicating that while short-term movements are positive, long-term valuation concerns may still linger among investors.