Why is Commerl. Synbags falling/rising?

As of 11-Sep, Commercial Syn Bags Ltd is experiencing a price increase, currently at Rs. 155.50, reflecting a rise of Rs. 2.45 or 1.6%. The stock has reached a new 52-week high today and has shown a positive trend reversal after two consecutive days of decline. It has outperformed its sector by 0.76% today and is trading above its moving averages across various time frames. Over the past week, the stock has gained 1.63%, and in the last month, it has surged by 12.31%. The company has reported significant growth in net profit and sales, with a net profit increase of 187.56% and a year-over-year return of 126.87%, indicating strong financial performance that supports the stock's upward movement. In the broader market context, the stock's short-term performance has outpaced the Sensex, which has increased by 1.03% over the same week. This demonstrates that Commercial Syn Bags Ltd is not only performing well on its own but is also gaining traction relative to the overall market. Despite a notable decline in investor participation, with delivery volume falling by 77.23% against the 5-day average, the stock remains liquid enough for trading. The company's fair valuation and strong growth metrics, including a PEG ratio of 0.2, suggest that it is trading at a discount compared to its peers, further contributing to investor confidence and the stock's rising price.