Why is IZMO falling/rising?

As of 04-Jul, IZMO Ltd's stock price is currently at 407.80, reflecting an increase of 6.8, or 1.7%. The stock has been on an upward trend, gaining for the last five consecutive days and achieving a return of 14.52% over that period. Today, it reached an intraday high of Rs 413.95, although it also saw a low of Rs 390.1. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward momentum. Additionally, the company has shown healthy long-term growth, with operating profit increasing at an annual rate of 37.13% and positive results reported for the last three consecutive quarters, which have contributed to the stock's recent performance.
In the broader market context, IZMO's short-term performance significantly outpaces the benchmark, with a 14.52% increase over the past week compared to a decline of 0.74% in the Sensex. This strong performance is further supported by rising investor participation, as evidenced by a 28.86% increase in delivery volume against the 5-day average. While the stock has experienced a decline of 26.42% year-to-date, its consistent returns over the last three years and attractive valuation metrics, such as a low PEG ratio of 0.2 and a fair price-to-book value, suggest that investors remain optimistic about its future growth potential.