Why is PG Electroplast falling/rising?

As of 10-Oct, PG Electroplast Ltd's stock price is rising, currently at 585.90, reflecting an increase of 33.3 or 6.03%. The stock has shown strong performance recently, gaining 13.88% over the last two days and outperforming its sector by 3.45%. In terms of returns, the stock has increased by 13.96% over the past week, while its performance over the past month is a modest 2.33%. Despite a significant decline of 40.43% year-to-date, the company has demonstrated 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, as the stock has experienced a decrease in profit before tax and profit after tax in the latest quarter, alongside a reduction in promoter confidence due to a 5.65% decrease in their stake.
In the broader market context, PG Electroplast's recent short-term return of 13.96% over the past week significantly outpaces the Sensex's gain of 1.59% during the same period. This indicates that the stock is gaining traction relative to the overall market. However, the stock's year-to-date performance remains concerning, with a decline of 40.43% compared to the Sensex's increase of 5.58%. The rising investor participation, as evidenced by a 316.46% increase in delivery volume, suggests a growing interest in the stock, which may be contributing to its recent price rise despite the underlying challenges highlighted in the financial performance and promoter confidence.