Why is Prec. Electronic falling/rising?

As of 22-Sep, Precision Electronics Ltd is experiencing a price increase, currently at Rs. 241.15, reflecting a rise of 11.45 or 4.98%. The stock has reached a new 52-week and all-time high today, and it has been on a consecutive gaining streak for the last six days, accumulating a total return of 33.94% during this period. Additionally, the stock has outperformed its sector by 6.04% today and is trading above all key moving averages, indicating strong momentum. Positive financial results, including a higher profit after tax of Rs 2.24 crore and record net sales of Rs 22.26 crore, along with consistent returns over the past three years, have contributed to the stock's upward movement.
In the broader market context, Precision Electronics Ltd has significantly outperformed the Sensex, with a one-week return of 27.56% compared to the Sensex's 0.46%, and a year-to-date return of 87.96% versus the Sensex's 5.15%. This stark contrast highlights the stock's strong performance relative to the market. The rising investor participation, evidenced by a 247.12% increase in delivery volume, further supports the bullish sentiment surrounding the stock. Overall, the combination of strong financial performance, positive market sentiment, and significant outperformance against the benchmark has driven the stock's price rise.