Why is DDev Plastiks falling/rising?

As of 24-Jul, DDev Plastiks Industries Ltd is experiencing a price increase, currently at 325.25, reflecting a rise of 1.8 (0.56%). The stock has shown strong performance recently, with a consecutive gain over the last two days, resulting in a total increase of 5.09%. It has outperformed its sector by 0.71% today and reached an intraday high of Rs 337.95, which is a 4.48% increase. Over the past week, the stock has risen by 2.96%, and in the last month, it has surged by 20.57%, indicating robust momentum despite a year-over-year decline of 20.26%. The company benefits from a low Debt to Equity ratio and a healthy long-term growth rate in operating profit, which has grown at an annual rate of 39.27%. Additionally, the stock's attractive valuation, with a return on equity of 28.1 and a price-to-book value of 5.1, supports its recent upward movement.
In the broader market context, DDev Plastiks has significantly outperformed the Sensex, which has seen a slight decline of 0.09% over the past week. The stock's strong performance is further highlighted by its rising investor participation, with delivery volume increasing by 77.3% against the five-day average, indicating growing interest among investors. While the stock has faced challenges over the past year, its recent gains suggest a positive shift in market sentiment, particularly as it trades above all key moving averages. This combination of strong short-term returns and favorable financial metrics positions DDev Plastiks favorably compared to the broader market.