Why is Bharat Seats falling/rising?

As of 29-Aug, Bharat Seats Ltd's stock price is rising, currently at Rs. 147.00, reflecting an increase of Rs. 8.3 or 5.98%. The stock has recently hit a new 52-week high of Rs. 150.5 and has outperformed its sector by 5.45%. Over the last two days, it has gained 10.53%, and the trading volume has seen a significant increase, with delivery volume rising by 52.55% compared to the five-day average. The stock is also trading above its moving averages across various time frames, indicating strong momentum. Additionally, the company has demonstrated healthy long-term growth, with net sales increasing at an annual rate of 26.36% and operating profit at 59.20%, contributing to positive investor sentiment.
In the broader market context, Bharat Seats has outperformed the Sensex, which has declined by 1.84% over the past week, while the stock itself has risen by 6.99%. This trend is further highlighted by its year-to-date performance, where the stock has gained 56.47%, contrasting sharply with the Sensex's modest increase of 2.14%. The company's consistent returns over the past three years and a favorable PEG ratio of 0.9 suggest that it is trading at a discount compared to its peers, reinforcing investor confidence and contributing to the stock's upward movement.