Why is Navin Fluo.Intl. falling/rising?

As of 04-Nov, Navin Fluorine International Ltd is experiencing a price increase, currently at ₹6,048.00, reflecting a rise of ₹146.6 or 2.48%. The stock has shown strong performance, gaining 21.54% over the last three days and is only 0.84% away from its 52-week high of ₹6,098.6. It has outperformed its sector by 4.2% today and is trading above all key moving averages, indicating a robust upward trend. The company has demonstrated impressive financial results, with a 152.24% growth in net profit and positive results for the last four consecutive quarters, contributing to strong investor confidence. Additionally, the stock's low debt-to-EBITDA ratio of 0.92 times and high institutional holdings at 51.73% further support its favorable outlook.
In the broader market context, Navin Fluorine's short-term performance has significantly outpaced the benchmark, with a 20.99% return over the past week compared to a decline of 1.38% in the Sensex. Over the past year, the stock has generated an impressive return of 82.72%, far exceeding the market's 4.72% return, highlighting its market-beating performance. While the stock's valuation appears expensive with a ROE of 1.2 and a PEG ratio of 0.7, its strong fundamentals and growth prospects continue to attract investor interest, contributing to its rising stock price.