Why is Bharat Seats falling/rising?

As of 18-Aug, Bharat Seats Ltd is experiencing a price increase, with its current price at Rs. 127.55, reflecting a rise of 6.05 (4.98%). The stock has reached a new 52-week high today and has outperformed its sector by 1.68%. Over the past week, Bharat Seats has shown a strong performance with a return of +14.70%, and it has also outperformed the benchmark Sensex, which only gained +0.83%. The company's positive financial indicators, such as a 26.36% annual growth in net sales and a 40.03% increase in profit after tax over the last six months, contribute to its strong market position. Additionally, the stock is trading above its moving averages, indicating a bullish trend.
In the broader market context, Bharat Seats' performance stands out significantly against the Sensex, particularly in the short term, where it has achieved a return of +14.70% compared to the benchmark's +0.83%. This trend is supported by the auto ancillary sector's overall gain of 3.31%. Despite a decline in investor participation, as evidenced by a 54.89% drop in delivery volume, the stock remains liquid enough for trading. The company's favorable valuation metrics, such as a PEG ratio of 0.7 and a return on capital employed (ROCE) of 14.3%, further enhance its attractiveness to investors, solidifying its upward price movement.