Why is AGI Greenpac falling/rising?

As of 29-Jul, AGI Greenpac Ltd's stock price is rising, currently at Rs 972.60, reflecting an increase of Rs 19.45 or 2.04%. The stock has shown a positive performance today, outperforming its sector by 0.76% and achieving a consecutive gain over the last two days with a total return of 4.04%. It reached an intraday high of Rs 978.65, and it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite a significant drop in delivery volume, which fell by 73.44% against the 5-day average, the stock has demonstrated healthy long-term growth, with operating profit increasing at an annual rate of 40.81%. The company has reported positive results for the last four consecutive quarters, contributing to its attractive valuation and a PEG ratio of 0.5, which suggests that the stock is undervalued compared to its peers.
In the broader market context, AGI Greenpac's short-term performance has been relatively stable, with a slight decline of 0.03% over the past week, while the benchmark Sensex has decreased by 1.03%. However, over the past month, AGI Greenpac has significantly outperformed the benchmark with a return of 19.56% compared to the Sensex's decline of 3.24%. The increasing participation of institutional investors, who have raised their stake by 0.51%, indicates a growing confidence in the company's fundamentals, further supporting the stock's upward movement. Overall, AGI Greenpac's strong financial performance and institutional interest contribute positively to its rising stock price amidst a challenging market environment.