Why is Machino Plastics falling/rising?

As of 05-Sep, Machino Plastics Ltd is experiencing a price increase, currently at Rs 292.80, which reflects a rise of Rs 7.8 or 2.74%. Today's performance shows that the stock has outperformed its sector by 2.35%, reaching an intraday high of Rs 294.7. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. Despite a significant drop in delivery volume by 77.25% compared to the 5-day average, the company has reported impressive financial results, including a 109.13% growth in profit after tax over the last six months and a 51.93% increase in profit before tax. The stock's attractive valuation, trading at a discount to its peers, alongside a low PEG ratio of 0.2, supports its recent upward movement.
In the broader market context, Machino Plastics has outperformed the Sensex, with a 1-week return of 2.74% compared to the benchmark's 1.13%. Over the past month, the stock has shown a remarkable return of 17.71%, while the Sensex remained flat. This consistent outperformance over various periods, including a 145.02% return over the last three years, highlights the stock's resilience and investor confidence, despite the recent decline in investor participation. Overall, the combination of strong financial performance and favorable comparisons to the benchmark contributes to the stock's rising price.