Why is Himatsing. Seide falling/rising?

As of 18-Jul, Himatsingka Seide Ltd's stock price is rising, currently at Rs 154.70, reflecting an increase of Rs 2.35 or 1.54%. The stock has shown a strong performance today, outperforming its sector by 2.38% and achieving a consecutive gain over the last four days, with a total increase of 4.25% during this period. The stock has also touched an intraday high of Rs 156.55. Despite a decline in delivery volume by 6.71% compared to the five-day average, the stock remains liquid enough for trading. Over the past week, it has gained 1.81%, and over the past month, it has risen by 10.30%, while it has generated a return of 12.92% over the past year, significantly outperforming the broader market, which has seen negative returns.
In the broader market context, the stock's recent performance stands in stark contrast to the benchmark Sensex, which has declined by 0.90% over the past week and only increased by 0.38% over the past month. The company has recently declared positive results after three consecutive negative quarters, with a notable improvement in its debt-equity ratio and a significant increase in profit after tax. The stock is trading at a discount compared to its peers, and its attractive valuation, reflected in a PEG ratio of 0.6, has contributed to its upward movement. Overall, the combination of positive financial results and strong relative performance against the market has driven the stock's recent rise.