Why is Astal Lab falling/rising?

As of 25-Sep, Astal Laboratories Ltd is experiencing a price increase, currently at 86.91, with a change of 0.79 (0.92%) upward. The stock has shown strong performance recently, outperforming its sector by 3.05% today and achieving a consecutive gain over the last two days, resulting in a total return of 6.7% during this period. Over the past week, the stock has risen by 5.97%, and it has also demonstrated positive returns of 5.99% over the last month. The company has reported healthy growth in net sales and operating profit, with net sales increasing by 92.62% and a positive trend in profits over the last six quarters, contributing to investor confidence. However, it faces challenges with low management efficiency, as indicated by a low return on equity of 7.04%, and a relatively high valuation compared to its peers.
In the broader market context, while the stock has performed well in the short term, the benchmark Sensex has declined by 2.23% over the past week and 0.58% over the past month. This indicates that Astal Laboratories Ltd is not only outperforming its sector but also showing resilience against a generally declining market. Despite a year-over-year decline of 16.07% for the stock, which is significantly worse than the benchmark's decline of 4.71%, the recent positive financial results and rising investor participation suggest a potential turnaround, contrasting with the broader market's performance.