Why is PSP Projects falling/rising?

As of 27-Oct, PSP Projects Ltd is experiencing a significant rise in its stock price, currently at 919.10, reflecting an increase of 127.3 or 16.08%. The stock has recently hit a new 52-week high of Rs. 949 and has outperformed its sector by 14.8%. In terms of performance, the stock has shown impressive returns over various periods, including a 53.17% increase over the past year and a 135.70% rise over the last five years. The company maintains a low Debt to Equity ratio of 0.06 and a very attractive valuation with a ROCE of 0.5, which suggests that it is trading at a discount compared to its peers. However, it is important to note that despite these positive indicators, the company's profits have fallen by 69.3% over the past year.
In the broader market context, PSP Projects' short-term performance has significantly outpaced the benchmark, with a 1-week return of 16.20% compared to the Sensex's 0.49%. This strong performance is indicative of rising investor confidence and participation, as evidenced by a 10.11% increase in delivery volume against the 5-day average. The stock's ability to trade above its moving averages further supports its upward momentum. Overall, the combination of strong historical performance, attractive valuation metrics, and positive market sentiment has contributed to the stock's recent rise.