Why is Akar Auto Indust falling/rising?

As of 17-Jul, Akar Auto Industries Ltd is experiencing a price increase, currently at Rs 164.50, reflecting a rise of Rs 4.55 or 2.84%. Today's performance indicates a positive trend as the stock has gained after three consecutive days of decline, opening with a gain of 2.34% and reaching an intraday high of Rs 165.4. The stock has outperformed its sector by 2.4% today and is trading above all key moving averages, which suggests strong momentum. Over the past week, Akar Auto has returned 2.84%, significantly outperforming the Sensex, which has declined by 1.12%. Additionally, the stock has shown impressive long-term performance, with a year-to-date return of 23.78% and a remarkable 218.80% increase over the past three years.
In the broader market context, Akar Auto's recent performance stands in stark contrast to the benchmark, as it has consistently outperformed the BSE500 over various time frames. Despite a notable decline in investor participation, with delivery volume dropping significantly, the stock's attractive valuation, indicated by a return on capital employed (ROCE) of 18.5 and a PEG ratio of 1.9, supports its upward movement. The stock is trading at a discount compared to its peers, which may attract investors looking for value. Overall, the combination of strong recent gains, solid long-term performance, and favorable valuation metrics contributes to the stock's rising price.