Why is Bodal Chemicals falling/rising?

As of 03-Jul, Bodal Chemicals Ltd is experiencing a price increase, with its current price at 75.73, reflecting a change of 0.53 (0.7%) upward. The stock has shown a positive trend today, outperforming its sector by 1.38% and reversing a two-day decline. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward momentum. Despite a recent drop in investor participation, with a 40.8% decrease in delivery volume compared to the 5-day average, the company has reported significant growth in net profit and positive results over the last two quarters, contributing to a favorable valuation compared to its peers.
In the broader market context, Bodal Chemicals has outperformed the benchmark Sensex over the past week, with a return of +2.73% compared to the Sensex's -0.62%. However, over the past month, the stock has lagged behind the benchmark, returning +0.97% against the Sensex's +3.10%. While the stock has generated a negative return of -3.21% over the past year, its profits have increased substantially, which, combined with a low PEG ratio of 0.3, suggests that the stock may be undervalued. This combination of strong financial performance and relative price movement against the benchmark contributes to the stock's recent rise.