Why is Forbes & Co falling/rising?

As of 09-Jun, Forbes & Company Ltd is experiencing a price increase, currently at Rs 404.55, reflecting a rise of 19.45 or 5.05%. The stock has outperformed its sector by 4.4% today and reached an intraday high of Rs 404.55. Over the past week, the stock has gained 4.00%, and in the last month, it has risen by 17.09%. Despite a year-to-date decline of 13.91%, the company has shown strong financial performance, with a net profit growth of 1091.99% and positive results for the last three consecutive quarters. However, there is a noted decline in investor participation, with delivery volume falling by 55.55% against the 5-day average, and the technical trend is currently sideways, indicating no clear price momentum.
In the broader market context, Forbes & Company Ltd has significantly outperformed the Sensex, which has only increased by 1.32% over the past week and 3.76% over the past month. While the stock has had a challenging year with a return of -34.12%, its profits have surged, leading to a favorable PEG ratio of 0, suggesting it is undervalued compared to its peers. The company's low Debt to EBITDA ratio of 0.92 times and a return on equity of 30.8 further support its financial stability, contributing to the recent positive price movement despite the overall bearish trend in the market.