Why is Krishanveer Forg falling/rising?

As of 17-Jul, Krishanveer Forge Ltd is experiencing a price increase, currently at Rs 124.70, reflecting a rise of Rs 6.3 or 5.32%. Today's performance shows that the stock has outperformed its sector by 5.82% and has gained after three consecutive days of decline. It opened with a gain of 3.04% and reached an intraday high of Rs 125.9. Despite this positive movement, the stock has seen a significant drop in delivery volume, which fell by 90.47% compared to the 5-day average. Over the past year, the stock has generated a return of 23.22%, with profits rising by 41.4%, indicating a fair valuation with a PEG ratio of 0.6. However, the company has shown poor long-term growth, with net sales growing at an annual rate of only 9.74% over the last five years.
In the broader market context, the stock's recent performance contrasts with the benchmark, as it has outperformed the Sensex over various periods, including a 33.07% increase over the past month compared to the benchmark's 0.83%. This strong performance in both the short and long term highlights the stock's resilience despite some underlying concerns regarding its growth metrics. The liquidity remains adequate for trading, suggesting that while there are some negative factors at play, the overall market sentiment towards Krishanveer Forge Ltd is currently positive.