Why is AastamangalamFin falling/rising?

As of 16-Sep, Aastamangalam Finance Ltd is experiencing a price increase, currently at Rs 43.63, reflecting a rise of 1.33 or 3.14%. Today, the stock has shown a positive trend, gaining after three consecutive days of decline, and opened with a notable gap up of 3.9%. It reached an intraday high of Rs 43.99, indicating strong intraday performance. Despite this, the stock has underperformed in the short term, with a 5.32% decline over the past month and a 3.04% drop over the past week. However, the company has reported positive financial results over the last seven quarters, with significant growth in profit after tax and net sales, which supports its recent price movement.
In the broader market context, while Aastamangalam Finance Ltd has outperformed the benchmark Sensex in the long term, it has lagged in the short term, with the Sensex gaining 1.58% over the past week. The stock's recent performance is bolstered by its attractive valuation metrics, including a price-to-book value of 0.9 and a PEG ratio of 0.5, which suggest it is trading at a fair value compared to its peers. Despite a significant drop in delivery volume, indicating falling investor participation, the stock's long-term performance remains strong, with a 22.35% return over the past year, further contributing to its current upward price movement.