Why is Auto.Corp.of Goa falling/rising?

As of 18-Sep, the Automobile Corporation Of Goa Ltd is experiencing a price increase, currently at Rs 2,239.00, reflecting a rise of Rs 99.0 or 4.63%. The stock has shown strong performance today, outperforming its sector by 4.49% and achieving a consecutive gain over the last two days with a total return of 7.13%. It reached an intraday high of Rs 2,250, although it also saw a low of Rs 2,076. The stock is trading above its moving averages across various periods, indicating a positive trend. Despite a slight decline in investor participation, the company maintains a low debt-to-equity ratio and has demonstrated healthy long-term growth, with operating profit increasing at an annual rate of 43.63%. The stock is currently trading at a discount compared to its peers, which may contribute to its recent upward movement.
In the broader market context, the stock has outperformed the Sensex over the past week and month, with returns of 3.90% and 4.84%, respectively, compared to the Sensex's 1.80% and 2.14%. However, it has underperformed on a year-to-date basis, with a return of 4.38% against the Sensex's 6.24%. While the stock's one-year performance shows a decline of 16.73%, the company's profits have increased by 12.1%, suggesting that the market may be beginning to recognize its underlying value. Overall, the combination of strong recent performance, attractive valuation metrics, and positive financial results appears to be driving the stock's rise in price.