Why is BLS E-Services falling/rising?

As of 03-Nov, BLS E-Services Ltd is experiencing a significant rise in its stock price, currently at Rs 199.70, reflecting an increase of 26.3 or 15.17%. Today's price summary indicates that the stock has outperformed its sector by 15.56%, reaching an intraday high of Rs 203.35. Despite a wide trading range of Rs 30.3, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. However, there is a noted decline in investor participation, with delivery volume falling by 38.1% compared to the 5-day average. The company has demonstrated healthy long-term growth, with net sales increasing at an annual rate of 75.10% and operating profit at 107.16%. Despite a year-to-date return of -2.61%, the company has consistently declared positive results over the last six quarters, contributing to a fair valuation and a PEG ratio of 0.5.
In the broader market context, BLS E-Services has outperformed the Sensex in the short term, with a 1-week return of +17.44% compared to the benchmark's -0.94%. This strong performance in the face of a declining market suggests that specific company factors, such as its low debt-to-equity ratio and consistent profit growth, are driving investor interest. While the stock has underperformed over the longer term, the recent positive financial results and growth metrics may be attracting renewed attention, contributing to the current upward price movement.