Why is Ishan Dyes falling/rising?

As of 14-Jul, Ishan Dyes and Chemicals Ltd is experiencing a price increase, currently at 59.89, which reflects a rise of 1.76 or 3.03%. The stock has outperformed its sector by 1.68% today and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has gained 3.69%, while in the last month, it has surged by 27.62%. However, there is a notable decline in investor participation, with delivery volume dropping by 96.87% against the 5-day average. Despite the stock's attractive valuation and significant profit growth of 86% over the past year, it has a weak long-term fundamental strength indicated by a -12.97% CAGR growth in operating profits over the last five years.
In the broader market context, the Sensex has declined by 1.49% over the past week, contrasting with Ishan Dyes' positive performance. While the stock has shown strong short-term returns, the overall market has been underperforming. The company's return on equity is relatively low at 6.54%, which may raise concerns among investors despite the attractive PEG ratio of 0.3. The stock's trading at a discount compared to its peers' average historical valuations could be contributing to its recent upward movement, but the weak long-term fundamentals suggest caution for potential investors.