Why is PTC India falling/rising?

As of 15-Jul, PTC India Ltd's stock price is rising, currently at Rs 191.45, reflecting an increase of Rs 6.6 or 3.57%. The stock has shown strong performance today, outperforming its sector by 2.39% and reaching an intraday high of Rs 192. Additionally, PTC India 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 4.90%, and year-to-date, it has increased by 31.99%. The company also boasts a high dividend yield of 6.92% and has seen a rise in delivery volume, suggesting increased investor interest. Furthermore, the stock is trading at a discount compared to its peers, with a favorable PEG ratio of 0.4, which, along with a return on equity of 9.8, contributes to its attractive valuation.
In the broader market context, PTC India's recent performance contrasts sharply with the Sensex, which has declined by 1.36% over the past week. This divergence indicates that PTC India is gaining traction despite a generally unfavorable market environment. The stock's strong returns over the last month (+7.38%) and year-to-date (+31.99%) further highlight its resilience. Additionally, the increase in institutional holdings by 3.08% over the previous quarter suggests that more sophisticated investors are confident in the company's fundamentals, which may also be contributing to the stock's upward movement.