Why is Anant Raj falling/rising?

As of 11-Jul, Anant Raj Ltd's stock price is rising, currently at 561.30, with an increase of 3.95 (0.71%). The stock has shown a positive performance today, outperforming its sector by 2.18% and has been gaining for the last two days, accumulating a total return of 2.62% during this period. The stock reached an intraday high of Rs 579, indicating strong investor interest, as evidenced by a significant rise in delivery volume, which increased by 75.33% compared to the five-day average. Additionally, the company has demonstrated healthy long-term growth, with net sales and operating profit growing at annual rates of 40.40% and 44.40%, respectively, and has consistently reported positive results for the last 16 quarters.
In the broader market context, Anant Raj's short-term return of +2.53% over the past week contrasts sharply with the Sensex, which has declined by 1.12% during the same period. This outperformance highlights the stock's resilience amid a challenging market environment. While the company has shown consistent returns over the last three years, its low return on capital employed (ROCE) of 5.11% raises concerns about management efficiency and profitability. Despite these challenges, the stock's attractive valuation, with a PEG ratio of 0.7, suggests it may be undervalued compared to its peers, contributing to the recent upward price movement.