Why is Bright Brothers falling/rising?

As of 14-Jul, Bright Brothers Ltd is experiencing a price increase, currently valued at Rs 372.00, reflecting a rise of 3.9 points or 1.06%. The stock has shown a positive trend, gaining for the last two consecutive days with a total return of 1.92% during this period. It has outperformed its sector by 0.93% today and reached an intraday high of Rs 378.4. Over the past month, the stock has surged by 15.53%, although it has seen a decline of 1.64% over the past week. The company has demonstrated strong financial performance, with a significant annual growth rate in operating profit of 138.13%, and has reported positive results for the last five consecutive quarters, including a remarkable 312.98% growth in profit after tax over the latest six months.
In the broader market context, while Bright Brothers has outperformed the Sensex over the long term, it has lagged in the short term, with a 1-week decline compared to the Sensex's smaller drop of 1.42%. Despite a decrease in investor participation, as indicated by a 32.78% drop in delivery volume, the stock remains liquid enough for trading. The company's attractive valuation metrics, including a return on capital employed (ROCE) of 15.6 and a PEG ratio of 0.1, suggest that it is trading at a discount compared to its peers, which may contribute to its rising stock price amidst broader market fluctuations.