Why is Everest Kanto falling/rising?

As of 24-Sep, Everest Kanto Cylinder Ltd's stock price is currently at Rs 147.15, reflecting an increase of Rs 1.65 or 1.13%. The stock has been on an upward trend, gaining for the last three days and achieving a total return of 5.14% during this period. It has outperformed its sector by 1.61% today and reached an intraday high of Rs 148.85. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong momentum. The company has demonstrated healthy long-term growth, with operating profit increasing at an annual rate of 27.20%, and positive financial results reported for June, including a significant growth in net sales and profit before tax.
In the broader market context, Everest Kanto's recent performance contrasts sharply with the Sensex, which has declined by 1.18% over the past week. While the stock has shown a 4.32% increase in the same timeframe, it has underperformed on a year-to-date basis with a decline of 20.48% compared to the Sensex's gain of 4.58%. The stock's low debt-to-equity ratio and fair valuation, alongside a PEG ratio of 1.7, suggest that it may be undervalued relative to its earnings growth potential. This combination of factors, including rising investor participation and liquidity, supports the stock's recent upward movement despite its overall negative performance over the past year.