Why is DDev Plastiks falling/rising?

As of 29-Jul, DDev Plastiks Industries Ltd is experiencing a price increase, currently at 309.15, reflecting a rise of 4.25 or 1.39%. Today's price summary indicates that the stock has outperformed its sector by 0.97% and has shown a trend reversal after two consecutive days of decline. Despite a recent drop in delivery volume, which fell by 49.98% against the 5-day average, the stock remains liquid enough for trading. Over the past month, DDev Plastiks has gained 14.35%, contrasting with a 30.48% decline over the past year, while its long-term growth prospects appear healthy with an operating profit growth rate of 39.27% annually and a return on equity of 28.1. The stock is trading at a fair value compared to its peers, supported by a low debt-to-equity ratio and a PEG ratio of 8.1.
In the broader market context, the stock's short-term performance over the past week shows a slight decline of 0.11%, while the benchmark Sensex has fallen by 1.03%. This indicates that DDev Plastiks is holding up relatively well compared to the broader market. The stock's year-to-date performance of 12.28% also outpaces the Sensex's gain of 4.09%, suggesting that despite some recent volatility, investor sentiment may be improving, particularly in light of the company's solid fundamentals and attractive valuation metrics.