Why is Kalyani Forge falling/rising?

As of 11-Jul, Kalyani Forge Ltd's stock price is rising, currently at 751.40, reflecting an increase of 5.9 (0.79%). The stock has shown strong performance today, outperforming its sector by 2.24% and opening with a gain of 3.62%. It reached an intraday high of Rs 772.5. Over the past week, Kalyani Forge has increased by 1.95%, and it has delivered a remarkable 22.98% return over the last year, significantly outperforming the BSE500 index. The company has reported positive results for the last three consecutive quarters, with a profit after tax of Rs 7.97 Cr and a PEG ratio of 0.4, indicating strong growth relative to its valuation. Additionally, the stock is trading above all major moving averages, and there has been a notable increase in investor participation, with delivery volume rising by 27.2% against the 5-day average.
In the broader market context, Kalyani Forge's short-term performance has been favorable compared to the benchmark, as it has gained 1.95% over the past week while the Sensex has declined by 1.12%. This contrast highlights the stock's resilience and attractiveness to investors amidst a challenging market environment. The company's consistent returns over the last three years and its ability to outperform the BSE500 in each of the last three annual periods further bolster investor confidence, contributing to the stock's upward movement.