Why is Ashapura Minech. falling/rising?

As of 24-Jun, Ashapura Minechem Ltd's stock price is rising, currently at 423.10, reflecting an increase of 10.6 or 2.57%. The stock has shown strong performance recently, gaining 11.24% over the past week and outperforming its sector by 2.06% today. It has been on a consecutive gain streak for the last five days, reaching an intraday high of Rs 434.8. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Additionally, the company has demonstrated healthy long-term growth with net sales increasing at an annual rate of 52.30% and operating profit at 40.14%. The recent increase in institutional investor participation, which has risen by 0.78% over the previous quarter, further supports the stock's upward movement.
In the broader market context, Ashapura Minechem's short-term return of 11.24% over the past week significantly outpaces the Sensex's return of 0.58% during the same period. This strong performance is indicative of the stock's resilience and attractiveness compared to the broader market. Furthermore, the stock's PEG ratio of 0.3 suggests it is undervalued relative to its earnings growth, which may attract more investors. Overall, the combination of consistent returns over the last three years and increasing institutional interest positions Ashapura Minechem favorably in the current market environment.