Why is Fiberweb (India) falling/rising?

As of 18-Jul, Fiberweb (India) Ltd is experiencing a price increase, currently trading at 50.50, which reflects a rise of 0.33 or 0.66%. The stock has shown positive momentum, gaining for the last three consecutive days with a total return of 3.67% during this period. It is also outperforming its sector by 1.5%. Additionally, Fiberweb is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite a decline in delivery volume by 4.97% against the 5-day average, the company has reported strong financial results, including a 42.33% growth in net profit and the highest quarterly net sales and operating profit figures. The stock's attractive valuation, with a low Price to Book Value and a PEG ratio of 0.1, further supports its recent upward movement.
In the broader market context, Fiberweb's performance over the past month has been positive, with a return of 3.63%, while the benchmark Sensex has only increased by 0.38%. Although the stock has underperformed year-to-date with a decline of 19.20% compared to the Sensex's gain of 4.63%, it has outperformed the market over the past year, generating a return of 16.36% against the Sensex's 0.51%. This indicates that while the stock has faced challenges in the long term, its recent performance has been strong relative to both its sector and the broader market, contributing to the current rise in its stock price.