Why is Anlon Tech falling/rising?

As of 18-Sep, Anlon Technology Solutions Ltd is experiencing a price increase, currently at 475.10, reflecting a change of 5.15 (1.1%) upward. The stock has shown strong performance today, outperforming its sector by 1.66%. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating positive momentum. Additionally, there has been a notable rise in investor participation, with delivery volume increasing by 22.45% compared to the 5-day average. Over the past month, the stock has appreciated by 16.02%, significantly outperforming the Sensex, which has risen by only 2.20%. The company also boasts a high return on equity (ROE) of 23.54%, a low debt-to-equity ratio of 0.06, and impressive growth in net sales and operating profit, contributing to its favorable market perception.
In the broader market context, while the stock has generated a return of 15.84% over the past year, the benchmark BSE500 has seen negative returns of -1.96%, highlighting Anlon's strong relative performance. This contrast underscores the stock's resilience despite broader market challenges. However, it is important to note that the stock is considered expensive with a price-to-book value of 5.1, and while profits have increased by 44% over the past year, the PEG ratio of 1.6 suggests that the stock may be overvalued. Overall, the combination of strong financial metrics and positive investor sentiment is driving the stock's upward movement, despite some concerns regarding valuation.