Why is DDev Plastiks falling/rising?

As of 17-Nov, DDev Plastiks Industries Ltd is experiencing a rise in its stock price, currently at 292.95, reflecting an increase of 18.1 or 6.59%. Today's price summary indicates that the stock has outperformed its sector by 6.24% and has shown a trend reversal after two consecutive days of decline. The stock reached an intraday high of Rs 295.95, and there has been a significant increase in investor participation, with delivery volume rising by 251.66% compared to the 5-day average. Over the past week, the stock has gained 4.12%, although it has seen a decline of 3.27% over the past month. The company boasts a low debt-to-equity ratio of 0.03 times and has demonstrated healthy long-term growth, with operating profit increasing at an annual rate of 39.44%. Positive quarterly results, including the highest PAT and net sales figures, contribute to the stock's attractive valuation.
In the broader market context, the stock's short-term performance of +4.12% over the past week significantly outpaces the Sensex, which has risen by only 1.69% in the same period. While the stock has underperformed the benchmark over the past month and year, its year-to-date return of +6.39% is still commendable compared to the Sensex's +8.72%. The stock's recent upward movement can be attributed to strong fundamentals, including a robust return on equity of 23.7 and a fair price-to-book value ratio, which suggests that it is trading at a reasonable valuation relative to its peers. Overall, the combination of positive earnings results, increased trading volume, and a favorable market environment has contributed to the stock's rise.