Why is Raaj Medisafe falling/rising?

As of 24-Jun, Raaj Medisafe India Ltd's stock price is currently at Rs 85.43, reflecting an increase of Rs 4.06 or 4.99%. Today's price summary indicates that the stock opened with a gain of 4.99% and has maintained this price throughout the trading session. The stock has outperformed its sector by 5.6%, and there has been a notable increase in investor participation, with delivery volume rising by 362.96% compared to the 5-day average. Despite a year-to-date return of +2.93%, the stock has experienced a decline of 13.58% over the past month. Positive factors contributing to the stock's rise include impressive long-term growth metrics, such as a 62.73% annual increase in net sales and a 397.14% growth in net profit, which have led to strong quarterly results.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark Sensex, which has only increased by 0.58% over the past week. While Raaj Medisafe has shown a significant short-term gain, it has underperformed the benchmark over the past month and year, with declines of 13.58% and 11.88%, respectively. However, the company's strong fundamentals, including a very attractive valuation and a PEG ratio of 0.4, suggest that the stock may be undervalued compared to its peers, potentially driving investor interest and contributing to its recent price increase.