Why is Ausom Enter. falling/rising?

As of 24-Jun, Ausom Enterprise Ltd's stock price is currently at Rs 114.90, reflecting an increase of Rs 2.9 or 2.59%. Despite opening the day with a loss of 4.42%, the stock reached an intraday high of Rs 115.6, indicating some recovery during the trading session. Over the past week, the stock has shown a positive return of 3.42%, and it has outperformed the benchmark Sensex, which only increased by 0.58%. The company has reported impressive growth metrics, including a 115.72% increase in net sales and a return on equity (ROE) of 13.7, contributing to its attractive valuation. However, there has been a significant drop in investor participation, with delivery volume falling by 98.02% compared to the 5-day average, which may indicate reduced confidence among investors.
Broader Market Context: In the context of the broader market, Ausom Enterprise Ltd has outperformed the Sensex not only in the short term but also over longer periods, including a 16.56% return over the past year compared to the Sensex's 6.10%. This strong performance is supported by the company's solid financial results and a favorable price-to-book ratio, suggesting that the stock is undervalued relative to its peers. The stock's high volatility today, with an intraday fluctuation of 5.98%, reflects the mixed sentiment among investors, balancing the company's strong fundamentals against the recent decline in trading volume.