Why is Dishman Carbogen falling/rising?

As of 17-Sep, Dishman Carbogen Amcis Ltd's stock price is rising, currently at 279.40, reflecting an increase of 12.1 or 4.53%. The stock has outperformed its sector today by 4.49%, reaching an intraday high of Rs 280.1. It is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong momentum. Over the past week, the stock has gained 2.85%, and it has shown a remarkable 39.84% increase over the past year, significantly outperforming the Sensex, which has seen a decline of 0.46% during the same period. Positive financial results, including a 122.53% growth in profit before tax and a 35.18% increase in net sales, contribute to the stock's favorable valuation, with a PEG ratio of 0.2, suggesting it is trading at a discount compared to its peers.
In the broader market context, Dishman Carbogen's recent performance is notably strong, especially when compared to the Sensex, which has only increased by 1.56% over the past week. The stock's ability to generate substantial returns over the last year and outperform the BSE500 in various timeframes highlights its resilience and attractiveness to investors. However, it is important to note that there has been a decline in investor participation, with delivery volume falling by 14.27% against the 5-day average, which could indicate a potential concern for future trading activity. Overall, the combination of strong financial performance and favorable market conditions supports the stock's upward movement.