Why is Airan falling/rising?

As of 11-Jun, Airan Ltd's stock price is currently at 30.61, reflecting an increase of 3.39, or 12.45%. Today's price summary indicates that the stock has outperformed its sector by 11.43%, reaching an intraday high of Rs 32.35, which represents an 18.85% increase. Despite this positive movement, the stock has experienced high volatility today, with an intraday volatility of 7.23%. Over the past week, the stock has shown a return of +7.93%, and +24.13% over the past month, although it has a year-to-date return of -6.96%. The company's low debt-to-equity ratio of 0.02 and a return on equity of 12.8 suggest an attractive valuation, while the stock's PEG ratio of 0.4 indicates it is trading at a fair value compared to its peers. However, the recent decline in net sales and operating profit growth over the last five years raises concerns about long-term growth potential.
In the broader market context, Airan Ltd's short-term performance significantly outpaces the Sensex, which has only increased by 1.87% over the past week and 3.85% over the past month. This strong performance relative to the benchmark may indicate positive investor sentiment despite the company's challenges, such as falling profits and declining delivery volumes. The stock's recent rise could be attributed to its attractive valuation metrics and the positive returns it has generated over the past year, even as it faces pressures from declining sales and profitability.