Why is Pearl Global Ind falling/rising?

As of 23-Jun, Pearl Global Industries Ltd is experiencing a price increase, currently at 1,518.15, reflecting a rise of 28.15 (1.89%). The stock has shown strong performance recently, outperforming its sector by 1.36% today and has gained 8.35% over the last two days. Despite opening with a loss of 5.7% and touching an intraday low of Rs 1,405.05, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has increased by 12.37%, and over the last month, it has risen by 16.16%. Positive factors contributing to this rise include high management efficiency, significant growth in operating profit and net sales, and increasing participation from institutional investors, which collectively hold 18.95% of the company.
In the broader market context, while Pearl Global Industries has outperformed the Sensex with a 1-week return of 12.37% compared to the benchmark's 0.12%, it has lagged slightly on a year-to-date basis, with a return of 2.39% versus the Sensex's 4.81%. The stock's strong performance over the past year, generating 138.12% returns, indicates consistent growth, although it faces risks due to its high valuation metrics and a PEG ratio of 0.9. Despite these risks, the overall positive sentiment from institutional investors and the company's robust financial results have contributed to the stock's upward movement.