Why is Active Clothing falling/rising?

As of 03-Jul, Active Clothing Co Ltd is experiencing a price increase, currently at Rs 142.70, reflecting a change of 1.25 (0.88%) upward. The stock has shown strong performance today, having outperformed its sector by 0.58% and marking its third consecutive day of gains with a total return of 9.98% over this period. It opened with a significant gain of 5.27% and reached an intraday high of Rs 148.9. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Additionally, the company has reported impressive financial growth, with a net profit increase of 170.9% and consistent positive results over the last three quarters, which has contributed to investor confidence and rising participation.
In the broader market context, Active Clothing's short-term performance has significantly outpaced the benchmark, with a 1-week return of +9.77% compared to the Sensex's -0.62%. This stark contrast highlights the stock's strong momentum relative to the market. The company's robust financial metrics, including a 50.42% annual growth rate in operating profit and a PEG ratio of 0.2, suggest that it is undervalued compared to its peers, further supporting its rising stock price. Overall, the combination of strong financial results, positive investor sentiment, and favorable trading conditions has contributed to the stock's upward movement.