Why is HCP Plastene falling/rising?

As of 25-Sep, HCP Plastene Bulkpack Ltd's stock price is currently at Rs 177.00, reflecting an increase of Rs 6.9 or 4.06%. The stock has shown a positive performance today, outperforming its sector by 4.99% and has been on a consecutive gain for the last two days, accumulating a total return of 7.27% during this period. Despite some erratic trading patterns, the stock opened with a gain of 4.61% today and reached an intraday high of Rs 177.95. The company has demonstrated strong financial performance, with a significant growth in profits and net sales over the past nine months, which has contributed to its attractive valuation and positive investor sentiment.
In the broader market context, HCP Plastene's short-term return of +4.58% over the past week stands in stark contrast to the Sensex, which has declined by 2.23% during the same period. This indicates that the stock is not only performing well relative to the market but also reflects strong management efficiency and positive financial results that have been consistent over the last five quarters. While the stock has experienced a decline of 2.48% over the past year, its impressive profit growth of 577% suggests that the market may be undervaluing the stock compared to its peers, further supporting its recent upward movement.