Why is Bharat Seats falling/rising?

As of 24-Sep, Bharat Seats Ltd is experiencing a price increase, currently at Rs 176.80, reflecting a rise of Rs 8.4 or 4.99%. The stock has shown strong performance, gaining 20.64% over the last four days and outperforming its sector by 6.03% today. It is also close to its 52-week high, just 1.05% away from Rs 178.65. The stock has consistently traded above its moving averages, indicating a positive trend. Additionally, the company has reported healthy long-term growth, with net sales increasing at an annual rate of 26.36% and operating profit rising by 59.20%. The recent financial results have shown significant improvements, including a record operating cash flow and higher net sales and profit after tax for the nine-month period.
In the broader market context, Bharat Seats has significantly outperformed the Sensex, with a one-week return of +17.36% compared to the benchmark's -1.18%. Over the past year, the stock has generated a return of 74.32%, while the Sensex has declined by 3.77%. This strong performance is supported by rising investor participation, as indicated by an 18.28% increase in delivery volume compared to the five-day average. The stock's fair valuation, trading at a discount to its peers, along with a PEG ratio of 1, further enhances its attractiveness to investors, contributing to the upward momentum in its price.