Why is Incredible Indus falling/rising?

As of 23-Sep, Incredible Industries Ltd is experiencing a price increase, with the current price at 46.90, reflecting a change of 0.85 or 1.85% upward. The stock has outperformed its sector today by 0.56% and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has shown a modest return of +0.56%, while its performance over the last month has been significantly stronger at +18.43%. Despite this positive movement, there has been a decline in investor participation, with delivery volume falling by 28.82% against the 5-day average. The company has reported positive financial results for the last four consecutive quarters, with a notable growth in profit after tax and profit before tax, contributing to an attractive valuation compared to its peers.
In the broader market context, the stock's short-term performance stands in contrast to the Sensex, which has declined by 0.34% over the past week. While Incredible Industries has generated a return of +18.43% over the past month, the Sensex has only increased by 0.98% during the same period. This indicates that the stock is not only performing well relative to its own historical performance but is also gaining traction against the broader market, despite the overall market sentiment being less favorable. The company's strong profit growth and low PEG ratio further support the stock's upward movement, suggesting that it is currently undervalued compared to its historical averages.