Why is Akar Auto Indust falling/rising?

As of 07-Jul, Akar Auto Industries Ltd is experiencing a price increase, currently at Rs 164.45, reflecting a rise of 5.05 or 3.17%. The stock has shown strong performance today, having outperformed its sector by 3.54% and opened with a gain of 2.89%. It has also gained after two consecutive days of decline, indicating a potential trend reversal. Over the past week, the stock has risen by 3.66%, and it has generated a remarkable return of 53.19% over the past year, significantly outperforming the benchmark Sensex, which has only increased by 4.31%. The stock is currently trading close to its 52-week high, just 4.41% away from Rs 171.7. Despite a drop in investor participation, with delivery volume falling by 83.43% against the 5-day average, the stock remains attractive due to its strong return on capital employed and favorable valuation compared to peers.
In the broader market context, Akar Auto Industries Ltd's short-term performance stands in stark contrast to the Sensex, which has seen a slight decline of 0.20% over the past week. The stock's ability to generate a 52.27% return over the past month further emphasizes its strength relative to the benchmark's modest 1.53% increase. The company's solid fundamentals, including a return on capital employed of 18.5% and a PEG ratio of 1.9, suggest that it is trading at a discount compared to historical valuations of its peers. This combination of strong performance metrics and attractive valuation has contributed to the stock's rising price, despite the recent drop in trading volume.