Why is Pritika Engineer falling/rising?

As of 28-Jul, Pritika Engineering Components Ltd is experiencing a price increase, currently at 91.25, reflecting a rise of 1.85 or 2.07%. The stock has shown strong performance today, outperforming its sector by 2.55%. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating positive momentum. Over the past week, the stock has gained 1.39%, and over the past month, it has risen by 13.28%, significantly outperforming the Sensex, which has declined by 1.63% and 3.73% respectively. The company has reported healthy long-term growth, with net sales increasing at an annual rate of 34.50% and operating profit at 49.85%. Despite some concerns regarding management efficiency and debt servicing ability, the stock's strong returns over the past year, generating 99.34%, contribute positively to its current upward movement.
In the broader market context, Pritika Engineering's performance stands in stark contrast to the benchmark, as the BSE500 has reported negative returns of -2.52% over the past year. This divergence highlights the company's ability to deliver substantial returns despite a challenging market environment. The stock's attractive valuation, trading at a discount compared to peers, combined with a favorable PEG ratio of 0.9, suggests that investors may view it as a compelling investment opportunity. However, the significant drop in delivery volume by 85.29% against the 5-day average raises concerns about investor participation, which could impact future price movements.