Why is Astra Microwave falling/rising?

As of 02-Jul, Astra Microwave Products Ltd is experiencing a price increase, currently at 1,067.85, reflecting a rise of 36.95 or 3.58%. Today's performance indicates a positive trend, as the stock has outperformed its sector by 4.62% and has gained after three consecutive days of decline. The stock reached an intraday high of Rs 1,071.8, and there has been a notable increase in investor participation, with delivery volume rising by 45.57% compared to the five-day average. Over the past year, the stock has generated a return of 13.13%, significantly outperforming the BSE500 in each of the last three annual periods, and it has shown strong long-term growth with an operating profit growth rate of 32.76%. However, it is trading at a premium compared to its peers, with a high PEG ratio of 2.5, indicating a very expensive valuation.
In the broader market context, Astra Microwave's short-term return of +1.21% over the past week surpasses the Sensex's return of +0.79%, suggesting that the stock is performing well relative to the market. The stock's year-to-date return of +38.81% also significantly outpaces the Sensex's +6.75%, highlighting its strong performance amidst a generally positive market environment. The high institutional holdings at 20.61% further support the stock's stability, as these investors typically possess better analytical capabilities. Despite the risks associated with its high valuation and premium trading status, the overall positive financial indicators and recent performance contribute to the stock's upward movement.