Why is Pasupati Acrylon falling/rising?

As of 09-Jul, Pasupati Acrylon Ltd's stock price is currently at 53.95, reflecting an increase of 0.23 (0.43%). The stock has been gaining for the last two days, with a total return of 0.69% during this period. Despite a recent 1-week decline of 5.94%, the stock has shown strong performance over the past month, rising by 7.90%, and has generated a significant year-to-date return of 20.40%. The company has a low Debt to Equity ratio and reported positive results with a PAT of Rs 24.13 Cr for the last nine months. Additionally, the stock is trading at a premium compared to its peers, with a PEG ratio of 0.1, indicating strong profit growth of 168.2% over the past year, which supports its recent upward movement.
In the broader market context, while the Sensex has seen a slight increase of 0.15% over the past week, Pasupati Acrylon's performance has outpaced this benchmark, particularly with its year-long return of 31.43% compared to the market's 1.43%. This outperformance highlights the stock's resilience and attractiveness to investors, especially given the rising investor participation with a 6.3% increase in delivery volume. The stock's liquidity is also favorable, allowing for adequate trading activity. Overall, the combination of strong financial performance, positive market sentiment, and robust trading activity contributes to the stock's rising price.