Why is Assoc.Alcohols falling/rising?

As of 30-Jun, Associated Alcohols & Breweries Ltd's stock price is rising, currently at Rs 1,137.00, reflecting an increase of Rs 14.0 or 1.25%. The stock has shown strong performance today, outperforming its sector by 1.89% and achieving a consecutive gain over the last two days with a total return of 5.87%. It reached an intraday high of Rs 1,146.1, and its trading volume has significantly increased, with a delivery volume rise of 453.17% compared to the 5-day average. Over the past year, the stock has generated a remarkable return of 71.02%, significantly exceeding the market's average return of 3.95%. The company has also reported positive financial results, with substantial growth in profit after tax and net sales, which contributes to its attractive valuation.
In the broader market context, the stock's recent performance is notably strong compared to the benchmark, as it has outperformed the Sensex over various periods, including a 7.57% gain over the past week versus the Sensex's 2.09%. The company's low debt-to-equity ratio and consistent positive results over the last four quarters further bolster investor confidence. With a return on capital employed (ROCE) of 18.2 and a favorable price-to-earnings growth (PEG) ratio of 0.5, the stock is trading at a discount relative to its peers, which enhances its appeal to investors. Overall, these factors contribute to the stock's upward movement in price.