Why is Pritika Engineer falling/rising?

As of 17-Sep, Pritika Engineering Components Ltd is currently priced at 90.85, reflecting an increase of 1.0 (1.11%). The stock has shown a positive performance today, outperforming its sector by 1.15%. It is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. However, there has been a notable decline in investor participation, with delivery volume falling by 61.11% against the 5-day average. The company has reported positive financial results, including a 17.34% growth in net profit and record net sales, which contribute to its attractive valuation and positive sentiment among investors.
In the broader market context, Pritika's short-term return over the past week is +4.55%, significantly outperforming the Sensex, which has risen by only 1.43%. While the stock has generated a return of 5.70% over the past year, it is important to note that it has underperformed year-to-date with a decline of 12.85%, contrasting with the Sensex's gain of 7.13%. Despite this, the company's strong profit growth and favorable PEG ratio suggest potential for future appreciation, which may be influencing the recent rise in stock price.