Why is IZMO falling/rising?

As of 03-Jul, IZMO Ltd's stock price is currently at 401.00, reflecting an increase of 2.25 (0.56%). The stock has been on an upward trend, gaining for the last four days and achieving a total return of 12.61% during this period. It has outperformed its sector by 0.76% today, with an intraday high of Rs 417.8, although it also experienced a low of Rs 382.5. The stock is trading above its moving averages across various time frames, indicating a strong bullish sentiment. Additionally, the company has shown healthy long-term growth, with operating profit increasing at an annual rate of 37.13%, and it has reported positive results for the last three consecutive quarters, contributing to its attractive valuation.
In the broader market context, IZMO's short-term performance has significantly outpaced the Sensex, which has declined by 0.62% over the past week while IZMO has risen by 11.70%. This stark contrast highlights the stock's strong momentum relative to the market. Furthermore, the company's low debt-to-equity ratio and a PEG ratio of 0.2 suggest that it is trading at a fair value compared to its peers, which may attract more investors. The rising investor participation, evidenced by a substantial increase in delivery volume, further supports the stock's upward trajectory. Overall, the combination of positive financial results, strong historical performance, and favorable market conditions contributes to IZMO's rising stock price.