Why is Ashapura Minech. falling/rising?

As of 22-Sep, Ashapura Minechem Ltd's stock price is rising, currently at 651.40, reflecting an increase of 32.65 or 5.28%. The stock has recently hit a new 52-week high of Rs. 666.9 and has outperformed its sector by 5.42%. Over the past week, the stock has gained 2.49%, and in the last month, it has surged by 33.46%. The company's strong performance is supported by impressive growth in net sales and operating profit, with net sales increasing by 144.14% in the last quarter. However, concerns about management efficiency and a high debt-to-EBITDA ratio may temper investor enthusiasm. Broader market context shows that while Ashapura Minechem has outperformed the Sensex in both the short and long term, with a year-to-date return of 68.10% compared to the Sensex's 5.15%, there are signs of declining investor participation, as evidenced by a 43.21% drop in delivery volume. Despite this, the stock remains liquid enough for trading, indicating ongoing interest. The company's ability to generate substantial returns over the past year, coupled with its low PEG ratio of 0.2, suggests that it is trading at a discount compared to its peers, which may attract investors looking for growth opportunities.