Why is Machino Plastics falling/rising?

As of 30-Jul, Machino Plastics Ltd's stock price is currently at Rs 253.00, reflecting an increase of Rs 1.9 or 0.76%. Today, the stock opened with a gain of 3.54% and reached an intraday high of Rs 260. It has outperformed its sector by 0.89%. The stock's performance over the past week shows a decline of 4.46%, while it has decreased by 1.31% over the past month. Despite a significant drop of 18.88% over the past year, the company has reported positive financial results, including a 120.17% growth in profit before tax and record net sales, which may contribute to the stock's recent upward movement. Additionally, the stock is trading at a discount compared to its peers, with a favorable PEG ratio of 0.1, indicating attractive valuation.
In the broader market context, the Sensex has experienced a decline of 1.50% over the past week and 2.54% over the past month, suggesting that Machino Plastics' recent performance is relatively strong compared to the benchmark. While the stock has underperformed over the past year, its year-to-date return of 4.03% is slightly below the Sensex's return of 4.28%. The rising investor participation, as evidenced by a 42.61% increase in delivery volume, indicates growing interest in the stock, which may be a factor in its recent price increase despite the overall market trends.