Why is Eveready Inds. falling/rising?

As of 22-Jul, Eveready Industries India Ltd's stock price is rising, currently at 414.15, reflecting an increase of 18.1 or 4.57%. The stock has shown strong performance today, outperforming its sector by 4% and has been on a consecutive gain streak for the last four days, accumulating a total return of 11.96% during this period. It opened with a gain of 2.37% and reached an intraday high of Rs 417.8. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Additionally, the company has demonstrated high management efficiency with a return on capital employed (ROCE) of 18.23% and has reported positive results for the last eight consecutive quarters, contributing to investor confidence.
Broader market context shows that Eveready has significantly outperformed the benchmark Sensex in the short term, with a 1-week return of +7.21% compared to the Sensex's -0.47%. Over the past month, the stock has risen by 28.90%, while the Sensex has declined by 0.27%. Despite a decrease in delivery volume, which fell by 25.97% against the 5-day average, the stock remains liquid enough for trading. The company's fair valuation, trading at a discount compared to its peers, along with a PEG ratio of 1.6 and a profit growth of 23.5% over the past year, further supports the stock's upward movement.