Why is Asi Industries falling/rising?

As of 17-Jul, Asi Industries Ltd's stock price is currently at 36.48, reflecting an increase of 0.56, or 1.56%. The stock has shown a strong performance recently, gaining 8.09% over the last four days, although it underperformed its sector by 0.77% today. In terms of longer-term performance, the stock has returned 19.61% over the past year and has outperformed the BSE500 index over the last three years, one year, and three months. The company benefits from a low debt-to-equity ratio and a healthy long-term growth rate in operating profit, which has increased at an annual rate of 77.65%. Despite these positives, the stock's performance year-to-date is down 28.94%, and it has a high PEG ratio of 9.8, indicating potential concerns about its valuation relative to growth.
Broader market context reveals that while the stock has performed well in the short term, the Sensex has seen a slight decline of 1.12% over the past week, contrasting with Asi Industries' 7.80% gain. The ceramics, marble, granite, and sanitaryware sector, in which the company operates, has gained 2.36%, suggesting a favorable environment for the industry. However, the stock's recent gains may be tempered by flat results reported in March, where non-operating income constituted a significant portion of profit before tax, raising concerns about the sustainability of its earnings. Overall, while the stock is currently rising, it faces challenges that could impact its future performance.