Why is Garg Furnace falling/rising?

As of 16-Jul, Garg Furnace Ltd's stock price is currently at Rs 202.00, reflecting an increase of Rs 1.7, or 0.85%. The stock has shown strong performance recently, gaining 7.42% over the last two days and outperforming its sector by 1.35% today. Over the past week, it has surged by 16.09%, while its one-month return stands at 14.84%. Despite a year-to-date decline of 25.32%, the company has demonstrated a robust ability to service its debt, evidenced by a low Debt to EBITDA ratio of 1.11 times. Positive quarterly results, including record net sales and profit before tax figures, have also contributed to the stock's upward movement, although it has underperformed over the past year with a return of -29.09%. In the broader market context, while Garg Furnace has outperformed the Sensex in the short term, the benchmark index has shown a slight decline of 1.08% over the past week. The stock's recent gains come amid rising investor participation, with a notable increase in delivery volume. However, it is important to note that despite its recent positive performance, the stock has significantly lagged behind the market over the past year, where the BSE500 has generated a return of 0.47%. This underperformance, combined with a high PEG ratio of 7.2, suggests that while the stock may be experiencing a temporary rise, it still faces challenges in maintaining long-term growth compared to its peers.