Why is NLC India falling/rising?

As of 23-Sep, NLC India Ltd. is experiencing a price increase, currently at 275.85, reflecting a rise of 11.7 or 4.43%. The stock has been on an upward trend, gaining for the last three days with a total return of 7.75% during this period. It has outperformed its sector by 5.13% today and reached an intraday high of Rs 277.3. Over the past week, the stock has increased by 5.25%, and on a year-to-date basis, it has risen by 9.68%. The company's strong performance is supported by a significant rise in investor participation, with delivery volume increasing by 14.56% compared to the five-day average. Additionally, NLC India is trading above its moving averages, indicating a positive momentum. The stock's attractive valuation, with a PEG ratio of 0.3 and a return on capital employed (ROCE) of 7.2, further enhances its appeal, especially given its consistent returns over the past three years.
In the broader market context, NLC India's recent performance stands in stark contrast to the Sensex, which has seen a decline of 0.34% over the past week. While the benchmark has only gained 0.98% in the last month, NLC India has surged by 17.58%, showcasing its strong relative strength. The stock's high institutional holdings at 21.5% suggest that informed investors are confident in its fundamentals, which may contribute to its upward trajectory. Overall, the combination of solid financial metrics, consistent returns, and positive market sentiment has positioned NLC India for continued growth, despite the broader market's challenges.