Why is Premco Global falling/rising?

As of 01-Aug, Premco Global Ltd. is experiencing a price increase, currently at Rs 474.00, reflecting a change of 4.6 (0.98%) upward. The stock has shown strong performance recently, gaining 8.45% over the last four days and outperforming its sector by 3.73%. It has also touched an intraday high of Rs 482.65. In terms of returns, the stock has increased by 8.44% over the past week and 10.73% over the past month, while it has a year-to-date return of 8.89%. The company benefits from a low debt-to-equity ratio, healthy long-term growth with an operating profit growth rate of 50.96%, and a high dividend yield of 9.59%, which collectively contribute to its positive price movement.
In the broader market context, while Premco Global has been rising, the benchmark Sensex has declined by 1.06% over the past week and 3.70% over the past month. This indicates that the stock is performing well against a backdrop of a generally declining market. The significant increase in delivery volume by 2734.8% compared to the five-day average suggests rising investor interest, which may further support the stock's upward trajectory. Overall, the combination of strong financial performance, attractive valuation metrics, and positive investor sentiment has contributed to the stock's recent rise despite the challenges faced by the broader textile sector, which has fallen by 2.93%.