Why is IZMO falling/rising?

As of 01-Jul, IZMO Ltd's stock price is rising, currently at 379.80, reflecting an increase of 22.8 or 6.39%. The stock has outperformed its sector today by 6.89% and has been on a consecutive gain for the last two days, accumulating a total return of 6.66% during this period. It opened with a gain of 3.08% and reached an intraday high of Rs 379.8. Despite a recent decline in delivery volume by 31.87% against the 5-day average, the stock's performance over the past month shows a significant increase of 21.69%. Positive factors contributing to this rise include the company's healthy long-term growth, with operating profit growing at an annual rate of 37.13%, and positive results for the last three consecutive quarters, including a higher PAT of Rs 44.93 Cr and record net sales of Rs 59.81 Cr. The stock's attractive valuation, with a Price to Book Value of 1.6 and a low PEG ratio of 0.1, further supports its upward movement.
In the broader market context, IZMO's short-term performance has been less favorable compared to the benchmark, as it has declined by 0.84% over the past week while the Sensex has increased by 2.00%. However, the stock has shown resilience over a longer timeframe, outperforming the BSE500 in each of the last three annual periods, with a remarkable return of 431.19% over the past three years. Despite the positive long-term outlook, the low domestic mutual fund ownership may indicate some caution among institutional investors, which could impact future price movements. Overall, while the stock is currently rising, its recent performance against the benchmark highlights a mixed sentiment in the market.