Why is IZMO falling/rising?

As of 02-Jul, IZMO Ltd's stock price is rising, currently at Rs 398.75, reflecting an increase of Rs 18.95 or 4.99%. The stock has shown strong performance today, outperforming its sector by 4.9% and achieving consecutive gains over the last three days, with a total return of 11.98% during this period. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. The company has also experienced a significant rise in delivery volume, which increased by 188.43% compared to the 5-day average, suggesting heightened investor interest. Positive financial results over the last three quarters, with a notable increase in operating profit and net sales, further bolster the stock's upward movement. The company's attractive valuation metrics, including a low PEG ratio and a solid return on equity, contribute to its favorable outlook.
In the broader market context, IZMO's short-term return of 8.98% over the past week significantly outpaces the Sensex's return of 0.79% during the same period. This strong performance relative to the benchmark indicates that investor sentiment towards IZMO is particularly positive, especially in light of its consistent returns over the last three years and its ability to outperform the BSE500. While the stock has experienced a decline of 28.06% year-to-date, the recent positive trends and financial results suggest a potential turnaround, aligning with the broader market's modest gains.