Why is Krishanveer Forg falling/rising?

As of 08-Jul, Krishanveer Forge Ltd is experiencing a price increase, currently at Rs 109.20, reflecting a rise of Rs 2.7 or 2.54%. The stock has shown strong performance today, outperforming its sector by 4.13% and achieving a consecutive gain over the last two days with a total return of 12.35%. It reached an intraday high of Rs 111.95, while the day's low was Rs 104. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 877.7% compared to the 5-day average. The company has a low debt-to-equity ratio and a fair valuation, with a return on equity of 13.3% and a PEG ratio of 0.5, which supports its recent upward movement.
In the broader market context, Krishanveer Forge Ltd has outperformed the Sensex significantly over the past week, with a return of 11.43% compared to the benchmark's mere 0.02%. Over the last month, the stock has risen by 20.11%, while the Sensex has only increased by 1.85%. Despite the positive short-term performance, there are concerns regarding the company's long-term growth, as net sales and operating profit have shown modest growth rates over the past five years. Furthermore, the recent quarterly results indicated a decline in net sales, which could pose challenges ahead. Nonetheless, the stock's consistent returns over the past three years and its ability to outperform the BSE500 in each of the last three annual periods contribute to its current positive momentum.