Why is Bright Brothers falling/rising?

As of 01-Jul, Bright Brothers Ltd is experiencing a price increase, currently at 351.00, reflecting a rise of 8.0 or 2.33%. The stock has shown strong performance today, outperforming its sector by 2.72% and has been on a consecutive gain streak for the last three days, accumulating a total return of 9.64% during this period. It opened with a significant gain of 3.5% and reached an intraday high of Rs 369.3, indicating robust investor interest. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, and there has been a notable increase in delivery volume, which rose by 393% compared to the 5-day average. Furthermore, the company has demonstrated healthy long-term growth, with operating profit increasing at an annual rate of 138.13%, and it has reported positive results for the last five consecutive quarters.
In the broader market context, Bright Brothers Ltd has outperformed the Sensex in the short term, with a 1-week return of +9.69% compared to the Sensex's +2.00%. While the stock has faced challenges year-to-date with a decline of 18.33%, its impressive one-year return of 137.16% and a three-year return of 136.44% highlight its strong market-beating performance. The company's attractive valuation, with a PEG ratio of 0.1 and a return on capital employed (ROCE) of 15.6, further supports its recent price movement, as it trades at a discount compared to its peers. Overall, the combination of positive financial results, strong investor participation, and favorable technical indicators has contributed to the stock's rising price.