Why is Aaron Industries falling/rising?

As of 24-Jul, Aaron Industries Ltd is experiencing a price increase, currently at 430.65, which reflects a rise of 23.4 or 5.75%. The stock has recently hit a new 52-week and all-time high of Rs. 460, indicating strong upward momentum. It has outperformed its sector by 7.84% today and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has gained 7.13%, and it has shown impressive returns of 63.96% over the past year, significantly outpacing the Sensex, which has only increased by 2.66%. The company also demonstrates high management efficiency with a return on capital employed (ROCE) of 18.89%, and its net sales have grown at an annual rate of 32.96%, contributing to positive investor sentiment.
In the broader market context, Aaron Industries' strong performance contrasts sharply with the Sensex, which has seen a slight decline of 0.20% over the past week. The stock's liquidity is favorable, with a delivery volume increase of 6.13% against the 5-day average, suggesting rising investor participation. Despite the positive indicators, the stock is considered expensive with a PEG ratio of 1.8, indicating that while it has generated substantial returns, its profit growth has not kept pace with its price increase. However, the overall market-beating performance in both the short and long term continues to attract investors, reinforcing the stock's upward trajectory.