Why is Ahm. Steelcraft falling/rising?

As of 17-Jul, Ahmedabad Steelcraft Ltd's stock price is rising, currently at Rs 229.60, reflecting an increase of Rs 10.9 or 4.98%. The stock has been gaining for the last two days, with a total return of 10.23% during this period. It opened with a gain of 2.88% today and reached an intraday high of Rs 229.60. Despite a recent decline of 8.89% over the past month, the stock has shown impressive performance over the last year, generating a return of 75.74%, significantly outperforming the market's return of 1.91% during the same timeframe. Positive factors contributing to this rise include a healthy long-term growth rate in net sales and operating profit, alongside increased promoter confidence as they raised their stake in the company by 3.53%.
In the broader market context, while the stock has experienced a decline of 8.89% over the past month, it has outperformed the benchmark Sensex, which has decreased by 1.12% in the same period. The stock's strong performance over the past year, coupled with rising investor participation and a favorable PEG ratio of 0.1, indicates a positive outlook despite some concerns regarding management efficiency and debt servicing capabilities. Overall, the combination of strong financial results and increased confidence from promoters has contributed to the stock's recent upward movement.