Why is Pradeep Metals falling/rising?

As of 09-Jul, Pradeep Metals Ltd. is experiencing a rise in its stock price, currently at 331.95, reflecting an increase of 32.25 or 10.76%. The stock has recently hit a new 52-week high of Rs. 339.6 and has outperformed its sector by 11.35%. Over the past week, the stock has gained 16.72%, and it has shown consistent returns, generating a 36.05% return over the last year. Despite a recent trend reversal after two days of consecutive declines, the stock remains above its moving averages, indicating a positive momentum. However, there is a notable decline in investor participation, with delivery volume falling by 62.06% against the 5-day average, which may raise concerns about sustained interest in the stock.
In the broader market context, Pradeep Metals' short-term performance significantly outpaces the Sensex, which has only increased by 0.15% over the same week. The company's fair valuation, indicated by a return on capital employed (ROCE) of 18.2 and a PEG ratio of 1, suggests that it is trading at a discount compared to its peers. While the stock has shown strong historical performance, concerns about long-term growth persist due to modest increases in net sales and operating profit over the last five years. Additionally, the lack of investment from domestic mutual funds may indicate a lack of confidence in the stock's future prospects, despite its recent gains.