Why is Goodluck India falling/rising?

As of 24-Sep, Goodluck India Ltd's stock price is rising, currently at 1,239.50, reflecting an increase of 121.05 or 10.82%. The stock has shown strong performance today, outperforming its sector by 10.95% and has been on a consecutive gain streak for the last four days, accumulating a total return of 14.3% during this period. It opened with a gain of 2.37% and reached an intraday high of Rs 1247.65, indicating robust investor interest. The stock has consistently traded above its moving averages across various time frames, and there has been a notable increase in delivery volume, suggesting rising investor participation. Additionally, the company's healthy long-term growth, with net sales and operating profit increasing at annual rates of 23.08% and 25.80% respectively, supports its positive momentum.
In the broader market context, Goodluck India has significantly outperformed the benchmark Sensex, which has declined by 1.18% over the past week while the stock itself has risen by 12.38%. This trend is further highlighted by its year-to-date return of 33.20% compared to the Sensex's 4.58%. The stock's fair valuation, trading at a discount to its peers, along with consistent returns over the past three years, reinforces investor confidence. Despite generating a modest 4.25% return over the last year, the company's profits have risen by 21.5%, contributing to a favorable PEG ratio of 1.5, which indicates that the stock is likely to continue attracting interest from investors.