Why is Ashapura Minech. falling/rising?

As of 11-Aug, Ashapura Minechem Ltd's stock price is rising, currently at 560.50, reflecting an increase of 33.8 or 6.42%. The stock has been gaining momentum, having outperformed its sector by 5.98% today and achieving a consecutive gain over the last three days with an overall return of 8.6% during this period. It is also trading close to its 52-week high, just 4.75% away from Rs 587.1. The stock's performance has been strong, with a year-to-date return of 44.65% and a remarkable 403.82% increase over the last three years. Positive factors contributing to this rise include healthy long-term growth in net sales and operating profit, as well as a favorable PEG ratio of 0.5, indicating the stock is undervalued compared to its peers.
In the broader market context, while Ashapura Minechem has shown significant short-term gains, the benchmark Sensex has experienced a decline of 0.51% over the past week. This contrast highlights the stock's strong performance relative to the market, as it has consistently outperformed the BSE500 over the last three years. The rising investor participation, indicated by a 10.27% increase in delivery volume, further supports the stock's upward movement. Overall, the combination of strong financial performance, positive market sentiment, and favorable trading conditions has contributed to the stock's rising price.