Why is PTC India falling/rising?

As of 30-Jul, PTC India Ltd is experiencing a price increase, with its current price at 192.75, reflecting a change of 1.05 (0.55%) upward. The stock has been gaining for the last two days, showing a return of 1.26% during this period. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating positive momentum. Despite a decline in delivery volume by 41.91% against the 5-day average, the stock's high dividend yield of 6.68% and attractive valuation, with a price-to-book value of 1, contribute to its recent upward movement. Additionally, the stock has outperformed the benchmark Sensex over the past week and month, with returns of +1.18% and +7.11%, respectively, while the Sensex has declined by -1.50% and -2.54%.
In the broader market context, PTC India's performance stands out as it has significantly outperformed the Sensex in both the short-term and year-to-date comparisons. The stock's year-to-date return of +32.89% contrasts sharply with the Sensex's +4.28%, indicating strong investor interest. The increase in institutional holdings, which rose by 3.08% over the previous quarter, suggests that more sophisticated investors are confident in the company's fundamentals. This confidence is further supported by the company's profit growth of 26.7% over the past year, despite the stock's overall decline of -15.27% in that same period, resulting in a favorable PEG ratio of 0.4.