Why is Natl. Plastic falling/rising?

As of 14-Aug, National Plastic Industries Ltd is experiencing a price increase, with the current price at Rs 66.89, reflecting a rise of 2.63 or 4.09%. Today, the stock opened with a significant gain of 9.09%, reaching an intraday high of Rs 70.1. Despite a drop in delivery volume by 49.8% compared to the 5-day average, the stock is trading above its moving averages across various time frames, indicating positive momentum. Over the past week, National Plastic has outperformed the sector by 4.45%, and while it has generated a return of -0.61% over the past year, its profits have surged by 132.9%, contributing to a favorable PEG ratio of 0.1 and an attractive valuation compared to peers.
In the broader market context, the stock's short-term performance has been notably strong, with a 5.09% increase over the past week, while the benchmark Sensex has remained nearly flat at -0.03%. This divergence highlights the stock's resilience amidst a stagnant market. The positive financial results reported for the nine-month period, along with the majority ownership by promoters, further bolster investor confidence, suggesting that the stock's recent rise is supported by solid fundamentals despite the overall market conditions.