Why is NBCC falling/rising?

As of 23-Jun, NBCC (India) Ltd's stock price is currently at 119.90, reflecting an increase of 2.8, or 2.39%. The stock has shown a positive trend recently, gaining for the last two days and achieving a total return of 5.13% during this period. It outperformed its sector by 2.02% today and reached an intraday high of Rs 121.3. Over the past month, the stock has increased by 6.60%, while year-to-date, it has surged by 29.17%. The company benefits from high management efficiency, a low debt-to-equity ratio, and strong long-term growth, evidenced by an annual operating profit growth rate of 44.88%. However, it faces challenges with an expensive valuation and a high PEG ratio of 3.6, which may temper investor enthusiasm.
In the broader market context, the stock's short-term performance has been relatively strong compared to the benchmark, as it has declined by 1.80% over the past week while the Sensex has increased by 0.12%. This indicates that despite some recent volatility, NBCC has maintained a robust performance relative to the market. The stock's liquidity is also favorable, with a significant increase in delivery volume, suggesting rising investor interest. Overall, the combination of positive financial metrics and recent price movements contributes to the stock's upward trajectory, despite some valuation concerns.