Why is PG Electroplast falling/rising?

As of 21-Aug, PG Electroplast Ltd's stock price is rising, currently at 559.05, reflecting an increase of 22.55 (4.2%). The stock has shown a strong performance today, outperforming its sector by 4.44% and reaching an intraday high of Rs 561.3. In the past week, the stock has gained 14.17%, contrasting with a decline of 30.80% over the last month. Despite this recent uptick, the stock has a year-to-date decline of 43.16%. Positive factors contributing to the stock's movement include healthy long-term growth, with net sales increasing at an annual rate of 50.00% and operating profit at 74.19%. However, there are concerns, such as flat results in June and a decrease in promoter confidence, with a 5.65% reduction in their stake, suggesting potential uncertainty about the company's future.
Broader market context indicates that while PG Electroplast has performed well in the short term, its year-to-date performance significantly lags behind the benchmark Sensex, which has gained 4.94%. The stock's recent rise can be attributed to increased investor participation, as evidenced by a 27.72% rise in delivery volume compared to the five-day average. However, the stock's performance over the past month and year-to-date highlights a challenging environment, as it has underperformed relative to the broader market. The combination of short-term gains and long-term concerns creates a complex picture for investors considering PG Electroplast's stock.