Why is Ashapura Minech. falling/rising?

As of 23-Jun, Ashapura Minechem Ltd is experiencing a slight increase in its stock price, currently at 412.50, with a change of 0.45 (0.11%) upwards. The stock has been gaining momentum, having risen 8.45% over the last four days, and it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite underperforming its sector by 0.5% today, the stock has shown strong performance over the past week and month, with returns of 6.38% and 3.31%, respectively. Positive factors contributing to this upward movement include a healthy long-term growth rate in net sales and operating profit, as well as an attractive valuation compared to peers. Additionally, institutional investors have increased their stake, indicating confidence in the company's fundamentals.
In the broader market context, Ashapura Minechem's short-term performance significantly outpaces the benchmark Sensex, which has only gained 0.12% over the past week and 0.22% over the past month. While the stock has generated a modest return of 0.66% over the past year, it has seen a substantial increase in profits, with a PEG ratio of 0.3 suggesting it is undervalued relative to its growth potential. The rising participation of institutional investors, who collectively hold 16.93% of the company, further supports the stock's positive outlook, as these investors typically have the resources to analyze and invest in companies with strong fundamentals.