Why is Mahindra EPC falling/rising?

As of 18-Jul, Mahindra EPC Irrigation Ltd's stock price is currently at Rs. 156.20, reflecting an increase of 0.4 (0.26%). The stock has recently hit a new 52-week high of Rs. 165 and has been on a positive trend, gaining 9.92% over the last four days. It has outperformed its sector by 0.76% today and is trading above all key moving averages. Additionally, the company has reported positive financial results over the last three consecutive quarters, with net sales growing by 35.59% and a significant increase in profits, contributing to a favorable PEG ratio of 0.2. The stock is also trading at a discount compared to its peers, which may attract investor interest.
In the broader market context, Mahindra EPC has demonstrated strong short-term performance, with a 1-week return of 7.95%, while the benchmark Sensex has declined by 0.90% during the same period. This indicates that the stock is gaining traction against a backdrop of a generally weaker market. The company's rising investor participation, evidenced by a significant increase in delivery volume, further supports the stock's upward movement. Overall, the combination of positive financial results, favorable valuation metrics, and strong recent performance relative to the benchmark suggests a robust outlook for Mahindra EPC Irrigation Ltd.