Why is eMudhra falling/rising?

As of 04-Aug, eMudhra Ltd's stock price is currently at 777.15, reflecting an increase of 4.75 (0.61%). Today's price summary indicates that the stock has gained after three consecutive days of decline, reaching an intraday high of Rs 792.15. However, it has underperformed its sector by 1.01%. In terms of returns, the stock has shown a decline of 2.46% over the past week and a year-to-date decrease of 17.32%. Despite these challenges, the company has demonstrated strong fundamentals, including a high return on equity (ROE) of 16.41%, low debt-to-equity ratio of 0.09, and consistent positive results over the last 12 quarters, which may contribute to the recent uptick in price.
In the broader market context, eMudhra's short-term performance has lagged behind the benchmark Sensex, which has gained 0.16% over the past week. While the stock's recent rise may be attributed to its strong management efficiency and growth in net sales, it still faces valuation concerns, as indicated by its high price-to-book ratio and a PEG ratio of 3.8. This suggests that, despite positive operational metrics, the stock is trading at a premium compared to its peers, which could limit further upward movement unless investor sentiment improves significantly.