Why is Hariom Pipe falling/rising?

As of 03-Sep, Hariom Pipe Industries Ltd is experiencing a price increase, with its current price at Rs 500.60, reflecting a rise of Rs 10.05 or 2.05%. Today's price summary indicates that the stock reached an intraday high of Rs 512.95, which is a 4.57% increase. However, it underperformed its sector by 0.71%, and there has been a notable decline in investor participation, with delivery volume falling by 47.78% compared to the five-day average. Despite this, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a positive trend. Over the past week, the stock has gained 4.40%, while it has increased by 14.92% over the past month, contrasting with the Sensex, which has seen a slight decline.
In the broader market context, while Hariom Pipe has shown strong short-term performance, the Sensex has decreased by 0.27% over the past week and remained nearly flat over the past month. The company's healthy long-term growth, with net sales increasing at an annual rate of 47.58% and operating profit at 39.50%, supports its rising stock price. Additionally, the company reported its highest operating profit to interest ratio at 4.63 times and significant growth in net sales, which contributes to a favorable outlook. Despite a year-over-year return of -39.14%, the stock's attractive valuation and rising profits indicate potential for recovery, although the PEG ratio of 3.1 suggests that the stock may be overvalued relative to its growth.