Why is NLC India falling/rising?

As of 12-Sep, NLC India Ltd. is experiencing a price increase, currently at Rs 262.60, which reflects a rise of 5.95 or 2.32%. The stock has shown strong performance recently, gaining 15.15% over the past week and outperforming the sector by 1.39% today. It has been on a consecutive gain streak for the last five days, with an intraday high of Rs 266.2. Additionally, NLC India is trading above all its moving averages, indicating positive momentum. The stock's attractive valuation, with a return on capital employed (ROCE) of 7.2 and a PEG ratio of 0.3, suggests it is undervalued compared to its peers, which may be contributing to the recent price rise. Furthermore, high institutional holdings at 21.5% indicate strong investor confidence in the company's fundamentals.
In the broader market context, NLC India's short-term performance significantly outpaces the benchmark Sensex, which has only increased by 1.48% over the same week. While the stock has underperformed over the past year with a return of -0.94%, its profits have risen by 42.4%, suggesting underlying strength that may attract investors. The stock's liquidity, supported by a substantial increase in delivery volume, further enhances its appeal in the market. Overall, the combination of strong recent performance, positive financial metrics, and rising investor participation positions NLC India favorably in the current market environment.