Why is Assoc.Alcohols falling/rising?

As of 08-Jul, Associated Alcohols & Breweries Ltd is experiencing a price increase, currently at 1,182.25, reflecting a rise of 9.95 or 0.85%. The stock has outperformed its sector by 1.8% today and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has risen by 4.25%, and in the last month, it has increased by 7.11%. Despite a decline in delivery volume by 22.67% compared to the 5-day average, the company has shown strong financial performance, with a 95.08% growth in profit after tax and a 31.48% increase in net sales over the last six months. The stock's attractive valuation, characterized by a low PEG ratio of 0.5 and a favorable debt-to-equity ratio, further supports its positive price movement.
In the broader market context, the stock's performance has significantly outpaced the benchmark, with a 75.93% return over the past year compared to the BSE500's return of only 1.98%. This substantial outperformance indicates strong investor confidence in the company's growth prospects. The stock's liquidity remains adequate for trading, which may also contribute to its rising price. Overall, the combination of solid financial results, attractive valuations, and market-beating performance has positioned Associated Alcohols & Breweries Ltd favorably in the current market environment.