Why is Ishan Dyes falling/rising?

As of 30-Jun, Ishan Dyes and Chemicals Ltd is experiencing a price increase, currently at Rs 58.61, reflecting a rise of 1.89 or 3.33%. The stock has outperformed its sector by 3.63% today, reaching an intraday high of Rs 58.61. Over the past week, the stock has shown a robust return of 9.57%, and over the past month, it has surged by 48.38%. Despite a decline in delivery volume by 34.75% against the 5-day average, the stock is trading above its moving averages across various time frames, indicating positive momentum. Additionally, the company has reported a significant profit increase of 86% over the past year, contributing to a favorable PEG ratio of 0.3, which suggests attractive valuation compared to peers.
In the broader market context, the Sensex has only increased by 2.09% over the past week, highlighting Ishan Dyes' strong performance relative to the benchmark. While the stock has shown impressive short-term gains, it is important to note the weak long-term fundamentals, including a -12.97% CAGR growth in operating profits over the last five years and a low average return on equity of 6.54%. These factors may temper investor enthusiasm despite the recent price rise, as the company faces challenges in sustaining profitability and growth in the long term.