Why is Innova Captab falling/rising?

As of 22-Jul, Innova Captab Ltd is experiencing a price increase, currently at 917.90, which reflects a rise of 7.9 or 0.87%. The stock has shown strong performance recently, outperforming its sector by 1.78% today and has been gaining for the last two days with a total return of 1.73% during this period. Over the past week, the stock has increased by 1.76%, and in the last month, it has risen by 8.20%. Despite a year-to-date decline of 16.86%, the stock has generated an impressive return of 62.75% over the past year, significantly higher than the market's return of 2.09%. The company maintains a strong ability to service its debt, evidenced by a low Debt to EBITDA ratio of 1.45 times, and has demonstrated healthy long-term growth with an annual operating profit increase of 25.43%.
In the broader market context, while Innova Captab has shown positive short-term returns, the benchmark Sensex has declined by 0.47% over the past week and 0.27% over the past month. This indicates that the stock is performing well relative to the market. However, there is a noted decline in investor participation, with delivery volume falling by 49.91% against the five-day average, which could be a concern for future liquidity. Despite this, the stock's fair valuation, supported by a return on capital employed (ROCE) of 13.1 and a PEG ratio of 1.1, suggests that it remains an attractive investment option, particularly given its majority ownership by promoters and its market-beating performance over the past year.