Why is NLC India falling/rising?

As of 11-Sep, NLC India Ltd. is experiencing a rise in its stock price, currently at 256.65, reflecting an increase of 8.25 or 3.32%. The stock has shown strong performance recently, gaining 12.54% over the last four days and outperforming its sector by 2.62% today. It has also touched an intraday high of Rs 263.85, indicating positive momentum. In terms of returns, the stock has increased by 11.44% over the past week and 10.27% over the past month, while its year-to-date performance stands at 2.05%. The company’s attractive valuation, with a return on capital employed (ROCE) of 7.2 and a PEG ratio of 0.3, suggests that it is trading at a discount compared to its peers, which may be contributing to investor interest.
In the broader market context, NLC India's short-term returns significantly outpace the benchmark Sensex, which has only increased by 1.03% over the past week and 1.17% over the past month. This strong performance relative to the benchmark may attract further investor attention. Additionally, the stock benefits from high institutional holdings at 21.5%, indicating confidence from more sophisticated investors who can analyze the company's fundamentals effectively. The rising delivery volume, which has surged by 404.95% against the five-day average, further underscores increasing investor participation and liquidity, supporting the stock's upward movement.