Why is Commerl. Synbags falling/rising?

As of 25-Jun, Commercial Syn Bags Ltd is experiencing a rise in its stock price, currently at 135.85, with an increase of 4.55 or 3.47%. Today, the stock opened lower by 2.06% but later reached an intraday high of Rs 143, reflecting a significant upward movement of 8.91%. Over the past week, the stock has outperformed the sector by 3.53%, and its performance over the last month shows an impressive increase of 18.19%. The company has reported outstanding results, including a 150.62% growth in net profit and positive results for the last two consecutive quarters, contributing to its strong performance. Additionally, the stock is trading above all key moving averages, indicating a bullish trend.
In the broader market context, the stock's short-term return of 3.50% over the past week significantly outpaces the Sensex's return of 1.61%. This trend of outperformance is consistent, as the stock has generated a remarkable 97.74% return over the past year compared to the Sensex's 6.02%. The company's strong financial metrics, including a high return on capital employed and a favorable PEG ratio of 0.3, suggest that it is undervalued relative to its peers, further supporting investor confidence and participation. Overall, the combination of strong financial results and positive market sentiment has contributed to the stock's rising price.