Why is NLC India falling/rising?

As of 24-Sep, NLC India Ltd. is experiencing a price increase, currently at Rs 279.80, reflecting a rise of 3.95 (1.43%). The stock has been on an upward trend, gaining for the last four consecutive days and achieving a total return of 9.96% during this period. It has outperformed its sector by 4.28% today and is trading above all key moving averages, indicating strong momentum. Over the past week, NLC India has shown a remarkable return of 8.41%, significantly outperforming the Sensex, which has declined by 1.18%. Additionally, the stock'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, further supporting its recent price movement.
In the broader market context, while the power generation and distribution sector has seen a decline of 2.2%, NLC India has managed to thrive, indicating strong investor confidence. The stock's year-to-date return of 11.25% also surpasses the Sensex's 4.58%, highlighting its relative strength in the market. The significant increase in delivery volume, which rose by 300.75% against the five-day average, suggests rising investor participation and liquidity, contributing positively to the stock's performance. High institutional holdings at 21.5% further bolster confidence, as these investors typically have better resources to analyze the company's fundamentals, reinforcing the stock's upward trajectory.