Why is KSB falling/rising?

As of 15-Jul, KSB Ltd's stock price is currently at 870.75, reflecting an increase of 3.75, or 0.43%. The stock has shown a positive trend in the short term, with a 5.39% increase over the past week and a 4.28% rise over the last month. Today's performance indicates that while the stock is trading above its moving averages across various time frames, it has underperformed its sector by 0.75%. Additionally, there has been a significant rise in investor participation, with delivery volume increasing by 479.2% compared to the 5-day average. Despite a negative return of -13.22% over the past year, the company has demonstrated healthy long-term growth, with operating profit increasing at an annual rate of 25.97% and a positive PAT growth of 25.33% in the latest six months.
Broader market context shows that while KSB Ltd has outperformed the Sensex in the short term, it has lagged behind in the longer term, particularly over the past year where it has generated negative returns compared to the market's slight positive return of 0.37%. The stock's valuation is considered expensive with a Price to Book Value of 10.2, and although it has a low Debt to Equity ratio and majority ownership by promoters, the high PEG ratio of 3 indicates potential concerns about future growth relative to its price. Overall, the stock's recent rise can be attributed to strong operational performance and increased investor interest, despite its historical underperformance and valuation concerns.