Why is Goodluck India falling/rising?

As of 15-Jul, Goodluck India Ltd's stock price is rising, currently at 1,137.85, reflecting an increase of 17.35 or 1.55%. The stock has shown positive momentum, gaining 2.45% over the last two days and outperforming its sector by 1.48% today. It has also demonstrated strong performance over various periods, with a year-to-date return of 22.28% and a remarkable 299.88% increase over the last three years. Despite a slight decline in delivery volume, the stock remains liquid enough for trading, and its current valuation appears attractive compared to peers, supported by a solid return on capital employed (ROCE) of 12.4 and a PEG ratio of 1.2.
In the broader market context, Goodluck India has outperformed the Sensex, which has seen a decline of 1.36% over the past week, while the stock itself has increased by 0.72%. This trend of outperformance is consistent, as the stock has generated returns exceeding those of the BSE500 in each of the last three annual periods. The stock's ability to maintain consistent returns, coupled with its favorable valuation metrics, suggests that investor confidence remains strong despite a recent drop in participation.