Why is India Nipp.Elec. falling/rising?

As of 29-Jul, India Nippon Electricals Ltd's stock price is currently at 769.00, reflecting an increase of 10.0 or 1.32%. Today, the stock has shown a trend reversal, gaining after four consecutive days of decline, and opened with a notable gap up of 3.77%. It reached an intraday high of Rs 787.65. Despite this positive movement, the stock's performance over the past week has been down by 4.83%, while it has outperformed the benchmark Sensex over the last month with a gain of 4.46% compared to the Sensex's decline of 3.24%. The company has demonstrated strong financial performance, with positive results for the last five consecutive quarters, including a significant growth in PAT and net sales, which may contribute to the stock's upward movement.
In the broader market context, while the stock has experienced a decline of 3.54% over the past year, it has still managed to outperform the Sensex, which has remained nearly flat at -0.02%. The stock's recent rise can be attributed to its solid financial metrics, such as a low debt-to-equity ratio and a favorable PEG ratio of 0.5, indicating a fair valuation relative to its earnings growth. However, there are concerns regarding falling investor participation, as evidenced by a significant drop in delivery volume. Overall, the stock's current rise appears to be driven by positive financial results and a recovery from recent lows, despite some short-term volatility and declining trading activity.