Why is Eveready Inds. falling/rising?

As of 15-Sep, Eveready Industries India Ltd is experiencing a price increase, currently at 445.25, reflecting a rise of 4.8 or 1.09%. The stock has shown a trend reversal, gaining after six consecutive days of decline. Despite touching an intraday low of Rs 426.05 earlier in the day, it remains above its 20-day, 50-day, 100-day, and 200-day moving averages, although it is lower than its 5-day moving average. The stock's performance over the past week shows a decline of 1.96%, while it has increased by 8.47% over the past month. The company has demonstrated strong management efficiency with a high return on capital employed (ROCE) of 18.23%, and it has reported positive results for the last nine consecutive quarters, which may contribute to the stock's recent upward movement.
In the broader market context, the Sensex has increased by 1.24% over the past week, indicating that while Eveready Industries is underperforming relative to the benchmark in the short term, its longer-term performance remains robust with a year-to-date return of 13.41% compared to the Sensex's 4.67%. The stock's liquidity is adequate for trading, and while there has been a decline in investor participation, the company's strong financial metrics, including a significant increase in profits and a favorable PEG ratio of 1.4, suggest that the stock is trading at a discount compared to its peers. This combination of factors may be contributing to the stock's recent rise despite its recent volatility.