Why is Northern Spirits falling/rising?

As of 22-Sep, Northern Spirits Ltd's stock price is currently at Rs 187.60, reflecting an increase of Rs 4.5 or 2.46%. Today's price summary indicates that the stock has outperformed its sector by 2.7% and has experienced a trend reversal, gaining after two consecutive days of decline. The stock reached an intraday high of Rs 190, showcasing a 3.77% increase. In terms of performance over the past week, the stock has risen by 1.41%, although it has seen a decline of 2.80% over the past month. Positive financial indicators include a significant growth in net sales and operating profit, with net sales reaching Rs 534.12 crore and a year-on-year profit increase of 39%, contributing to a favorable PEG ratio of 0.3, which suggests attractive valuation metrics.
Broader market context shows that while Northern Spirits has had a challenging year with a return of -0.21%, it has outperformed the benchmark Sensex, which has declined by 2.82% over the same period. The stock's recent performance is bolstered by rising investor participation, as evidenced by an 18.39% increase in delivery volume compared to the five-day average. Despite the stock's short-term fluctuations, its long-term growth potential remains strong, supported by healthy financial metrics and a robust return on capital employed (ROCE) of 17.2%. This combination of factors contributes to the stock's current upward movement.