Why is Pritika Auto falling/rising?

As of 21-Aug, Pritika Auto Industries Ltd is experiencing a slight increase in its stock price, currently at 18.92, with a change of 0.09, representing a 0.48% rise. The stock has been gaining for the last two days, with a total return of 2.27% during this period. It is performing well compared to its recent moving averages, being higher than the 5-day, 20-day, 50-day, and 100-day averages, although it remains below the 200-day average. Additionally, there has been a significant increase in investor participation, as evidenced by a delivery volume of 8.91 lacs on August 20, which is up 580.31% compared to the 5-day average. Despite a year-to-date decline of 23.89% and a one-year drop of 35.69%, the company has shown healthy long-term growth with an annual operating profit increase of 41.25% and positive quarterly results, including a PAT growth of 41.56% and record net sales.
In the broader market context, Pritika Auto's short-term performance over the past week has outpaced the benchmark Sensex, which has only increased by 1.74% during the same period, while Pritika Auto has risen by 8.11%. This indicates a strong relative performance in the short term. However, it is important to note that foreign institutional investors (FIIs) have decreased their holdings in the company to 2.96%, which could be a concern for future investment sentiment. Despite this, the stock's attractive valuation, trading at a discount compared to peers and a favorable PEG ratio of 0.4, suggests potential for recovery, especially as profits have risen significantly even amidst a declining stock price.