Why is Ashapura Minech. falling/rising?

As of 14-Jul, Ashapura Minechem Ltd's stock price is rising, currently at 486.40, with an increase of 19.4, or 4.15%. The stock has shown strong performance today, outperforming its sector by 3.97% and reaching an intraday high of Rs 489, reflecting a 4.71% increase. Over the past week, the stock has gained 11.05%, and over the last month, it has risen by 25.60%, significantly outperforming the Sensex, which has decreased by 1.42% in the same period. 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%. Additionally, institutional investors have increased their stake, indicating confidence in the company's fundamentals.
Broader Market Context: In the context of the broader market, Ashapura Minechem's performance stands out, especially given that it has generated a return of 26.14% over the past year, while the Sensex has only increased by 2.15%. The stock's strong returns over various periods, including a remarkable 351.00% increase over three years, highlight its market-beating performance. This positive momentum is further supported by the stock trading above its moving averages and a favorable PEG ratio of 0.4, suggesting it is undervalued compared to its peers. However, it is important to note that there has been a slight decline in investor participation, with delivery volume decreasing by 2.28% against the five-day average, which could be a point of concern moving forward.