Why is Nahar Poly falling/rising?

As of 29-Aug, Nahar Polyfilms Ltd's stock price is rising, currently at Rs 294.75, reflecting an increase of Rs 10.45 or 3.68%. The stock has shown strong performance today, outperforming its sector by 4.38% and achieving a consecutive gain over the last two days with a total return of 3.86%. Despite a decline of 3.68% over the past month, the stock has generated a positive return of 4.82% over the last year, while its profits have surged by 253.2%. The company's financial health is robust, evidenced by a strong EBIT to Interest ratio of 20.29 and a low debt-equity ratio of 0.12 times, which supports its ability to service debt effectively. Furthermore, the stock is trading at a discount compared to its peers, with a PEG ratio of 0.1, indicating potential for future growth.
In the broader market context, while the benchmark Sensex has declined by 1.84% over the past week and 1.88% over the past month, Nahar Polyfilms has managed to achieve a 2.70% increase in the same one-week period. This indicates that the stock is performing better than the overall market, which has seen negative returns of -5.40% in the last year. The stock's liquidity remains adequate for trading, although there has been a notable decrease in investor participation, with delivery volume falling by 56.07% against the five-day average. Overall, the combination of strong financial results, positive market performance relative to the benchmark, and favorable valuation metrics contribute to the stock's upward movement.