Why is Kalyani Forge falling/rising?

As of 17-Jul, Kalyani Forge Ltd's stock price is currently at 746.00, reflecting an increase of 5.75, or 0.78%. The stock has shown a positive trend, having outperformed its sector by 1.28% today and has gained consecutively over the last two days, with a total return of 1.77% in that period. Over the past year, Kalyani Forge has delivered a substantial return of 24.78%, significantly outpacing the BSE500 index, which has only returned 1.91%. The company has also reported positive results for the last three consecutive quarters, with a remarkable growth in profit after tax of 214.1%. Despite a recent decline in delivery volume, the stock remains liquid enough for trading, and its current valuation is favorable compared to peers.
In the broader market context, Kalyani Forge's short-term performance has been relatively strong, with a 1-week return of +0.07%, contrasting with the Sensex's decline of -1.12% during the same period. This indicates that the stock is not only resilient but also gaining traction against a backdrop of broader market challenges. The company's consistent returns over the last three years and its fair valuation, supported by a low PEG ratio of 0.4, further bolster investor confidence, suggesting that the stock's upward movement is driven by solid fundamentals and positive market sentiment.