Why is Destiny Logistic falling/rising?

As of 14-Jul, Destiny Logistics & Infra Ltd's stock price is currently at 109.85, reflecting an increase of 2.05, or 1.9%. The stock has shown strong performance recently, with a 10.18% increase over the past week and a remarkable 34.13% rise over the past month, significantly outperforming the Sensex, which has declined by 1.49% over the same week and increased by only 1.47% in the past month. Today's trading activity indicates a positive trend, with the stock outperforming its sector by 1.37% and experiencing a rise in delivery volume by 19.05% compared to the 5-day average. The company has also demonstrated healthy long-term growth, with net sales increasing at an annual rate of 58.80% and operating profit at 42.08%. However, the stock faces challenges due to flat results reported in March 2024 and a relatively high valuation indicated by a PEG ratio of 2.9, despite generating a substantial return of 207.27% over the past year.
In the broader market context, while Destiny Logistics has outperformed the Sensex in the short term, it has a year-to-date decline of 31.60%, contrasting sharply with the Sensex's gain of 6.08%. This suggests that while the stock is currently experiencing upward momentum, it has faced significant challenges over a longer time frame. The company's return on capital employed (ROCE) of 12 and an enterprise value to capital employed ratio of 4.3 indicate that it may be considered expensive relative to its earnings growth. Thus, while the recent price increase reflects positive investor sentiment and strong short-term performance, the underlying valuation concerns and flat quarterly results could temper long-term investor confidence.