Why is PPAP Automotive falling/rising?

As of 25-Jul, PPAP Automotive Ltd is experiencing a price increase, currently at Rs 256.00, reflecting a rise of Rs 13.6 or 5.61%. The stock has shown strong performance today, outperforming its sector by 7.02% and opening with a gain of 2.72%. It reached an intraday high of Rs 256, and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The stock has also seen a significant increase in investor participation, with delivery volume rising by 36.52% against the 5-day average. Over the past year, PPAP Automotive has generated an impressive return of 18.41%, while its profits have surged by 153.7%, indicating strong financial health and attractive valuation metrics.
In the broader market context, while the BSE500 index has reported negative returns of -0.19% over the last year, PPAP Automotive has managed to deliver positive returns, showcasing its resilience against market trends. The stock's performance over various periods, including a 14.80% increase over the past week and a 15.06% rise year-to-date, further highlights its strength relative to the benchmark. The company has consistently reported positive results for the last three quarters, with significant growth in profit after tax and net sales, contributing to its favorable market perception and driving the stock's upward movement.