Why is Commerl. Synbags falling/rising?

As of 04-Sep, Commercial Syn Bags Ltd's stock price is rising, currently at Rs. 153.00, reflecting an increase of Rs. 3.15 or 2.1%. The stock has recently hit a new 52-week high of Rs. 154.1 and has outperformed its sector by 2.64%. Over the past week, the stock has gained 14.35%, and it has shown a remarkable year-to-date return of 94.06%. 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% over the last nine months. This strong financial performance, along with a favorable PEG ratio of 0.2, indicates that the stock is trading at a discount compared to its peers, contributing to its upward price movement.
In the broader market context, the stock's short-term performance has significantly outpaced the benchmark Sensex, which only increased by 0.80% over the same week. The stock's liquidity is also favorable, with a delivery volume that has risen by 66.81% against the five-day average, indicating increased investor participation. Furthermore, the stock has consistently outperformed the BSE500 over various time frames, reinforcing its strong market position. Overall, the combination of robust financial results, positive investor sentiment, and significant outperformance relative to the benchmark has driven the stock's recent rise.