Why is Filatex India falling/rising?

As of 22-Jul, Filatex India Ltd's stock price is currently at 59.35, reflecting an increase of 0.93, or 1.59%. The stock has shown strong performance today, outperforming its sector by 2.02%. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 7.98% compared to the 5-day average. Over the past week, the stock has gained 0.17%, while it has seen a significant increase of 16.03% over the past month, contrasting with a slight decline in the benchmark Sensex, which has dropped by 0.47% during the same period. The company's strong financial metrics, including a low Debt to EBITDA ratio of 0.71 times, a PAT growth of 26.98%, and a high ROCE of 13.65%, further support its positive price movement.
In the broader market context, while Filatex India has outperformed the Sensex in the short term, the benchmark has shown a year-to-date gain of 5.18%, compared to Filatex's decline of 3.78%. This indicates that although Filatex is currently on an upward trajectory, it has lagged behind the market over a longer timeframe. The stock's fair valuation, trading at a discount relative to its peers, and a PEG ratio of 0.9 suggest that it may have room for growth, especially as its profits have increased by 21.6% over the past year. Overall, the combination of strong recent performance, positive financial results, and favorable trading conditions contributes to the stock's rising price.