Why is Commerl. Synbags falling/rising?

As of 03-Sep, Commercial Syn Bags Ltd's stock price is currently at Rs 149.85, reflecting an increase of Rs 4.85 or 3.34%. The stock recently reached a new 52-week high of Rs 153, indicating strong upward momentum, and has outperformed its sector by 2.72%. Over the past week, the stock has gained 11.00%, and it has shown impressive performance over longer periods, with a year-to-date increase of 90.07% and a one-year return of 126.43%. The company has reported significant growth in net profit and sales, with a net profit increase of 187.56% and a profit after tax growth of 249.80%. Despite a slight decline in delivery volume, the stock is trading above all key moving averages, suggesting a strong bullish trend.
In the broader market context, while the Sensex has seen a slight decline of 0.27% over the past week, Commercial Syn Bags Ltd has significantly outperformed this benchmark, showcasing its strength in the market. The stock's performance is bolstered by its consistent positive results over the last three quarters and a favorable PEG ratio of 0.2, indicating it is undervalued compared to its peers. This combination of strong financial results and market-beating performance contributes to the stock's rising price, despite a minor drop in investor participation.