Why is Goodluck India falling/rising?

As of 30-Jun, Goodluck India Ltd is experiencing a price increase, currently at 1,176.35, which reflects a rise of 27.65 or 2.41%. The stock has shown strong performance today, outperforming its sector by 2.41% and has been on a consecutive gain streak for the last two days, accumulating an 8.05% return during this period. It reached an intraday high of Rs 1186.75, indicating positive momentum. The stock is trading above all key moving averages, and there has been a significant increase in investor participation, with delivery volume rising by 162.79% compared to the 5-day average. Additionally, Goodluck India has demonstrated consistent returns, with a 28.18% increase over the past year and a remarkable 312.25% rise over the last three years, supported by a fair valuation and solid profit growth.
In the broader market context, Goodluck India's short-term performance has significantly outpaced the benchmark Sensex, which only increased by 2.09% over the past week. The stock's impressive returns of 25.01% over the past month and 26.41% year-to-date further highlight its strong position relative to the market. This outperformance is underscored by the company's solid fundamentals, including a return on capital employed (ROCE) of 12.4 and a PEG ratio of 1.2, indicating that the stock is trading at a discount compared to its peers. Overall, the combination of strong price momentum, increasing investor interest, and favorable financial metrics contributes to the stock's rising trajectory.