Why is Federal-Mogul Go falling/rising?

As of 17-Jul, Federal-Mogul Goetze (India) Ltd is experiencing a slight increase in its stock price, currently at 582.25, with a change of 0.25 (0.04%) upwards. The stock has shown strong performance recently, gaining 5.88% over the last four days and outperforming the benchmark Sensex, which has declined by 1.12% over the past week. Additionally, the stock has been trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. The company has a low debt-to-equity ratio and impressive long-term growth, with operating profit increasing at an annual rate of 39.79%. Positive financial metrics, such as a return on capital employed (ROCE) of 18.94% and a cash reserve of Rs 610.17 crore, further enhance its attractiveness to investors.
In the broader market context, while Federal-Mogul Goetze has shown a remarkable year-to-date return of 54.20% compared to the Sensex's 5.27%, it is important to note that domestic mutual funds hold only a minimal stake in the company, which may reflect a lack of confidence at current price levels. Despite this, the stock's performance has been robust in both the short and long term, outperforming the BSE500 over various periods. The stock's PEG ratio of 0.7 suggests it is undervalued relative to its growth prospects, contributing to its rising price amidst a generally challenging market environment.