Why is Indian Sucrose falling/rising?

As of 23-Jun, Indian Sucrose Ltd's stock price is rising, currently at Rs 115.00, reflecting an increase of Rs 5.7 or 5.22%. The stock has shown strong performance recently, gaining 9.77% over the last two days and outperforming its sector by 5.52% today. It has also been trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Additionally, the stock has seen a significant increase in delivery volume, rising by 102.08% against the 5-day average. Despite a year-to-date decline of 3.97%, the company has reported positive financial results, including a record operating profit to interest ratio and a low debt-equity ratio, which contribute to its attractive valuation.
In the broader market context, Indian Sucrose's short-term return of 5.71% over the past week significantly outpaces the Sensex, which only increased by 0.12% during the same period. This strong performance suggests that investor sentiment towards Indian Sucrose is favorable compared to the overall market. The company's recent profit growth of 17.3% and a low PEG ratio of 0.3 further enhance its appeal, especially as it trades at a discount to its peers' historical valuations. Overall, the combination of positive financial indicators and strong recent performance has contributed to the stock's upward movement.