Why is Indian Hume Pipe falling/rising?

As of 15-Jul, Indian Hume Pipe Company Ltd's stock price is rising, currently at 443.75, with an increase of 6.35 (1.45%). The stock has shown a trend reversal, gaining after five consecutive days of decline. Despite a recent drop in delivery volume, the stock has outperformed its sector by 1.19% today. Over the past year, it has generated a return of 3.68%, while profits have risen by 18.3%, indicating a strong financial performance. The stock is trading at a discount compared to its peers, with a very attractive valuation reflected in its Price to Book Value of 1.7 and a PEG ratio of 1.4, which supports its recent upward movement.
In the broader market context, the stock has underperformed the Sensex in the past week, with a decline of 2.67% compared to the benchmark's 1.36% drop. However, it has outperformed the Sensex over the past month and year-to-date, with returns of 2.72% and 22.82%, respectively. This indicates that while the stock has faced short-term challenges, its long-term performance remains strong, contributing to investor confidence and the recent price increase.