Why is Rama Phosphates falling/rising?

As of 27-Oct, Rama Phosphates Ltd is experiencing a price increase, currently at Rs. 204.50, which reflects a rise of Rs. 11.6 or 6.01%. The stock has recently hit a new 52-week high of Rs. 210.5 and has shown strong performance, gaining 26% over the past week and 30.38% over the last month. The company has reported outstanding results, including a 29.08% growth in net sales and a significant increase in profit after tax, which has grown by 146.7% compared to the previous four-quarter average. Additionally, the stock is trading above all major moving averages, indicating a strong upward trend, and there has been increased investor participation, with delivery volume rising by 8.65% against the five-day average.
In the broader market context, Rama Phosphates has significantly outperformed the benchmark Sensex, which has only increased by 0.49% over the past week and 5.41% over the past month, while the stock has generated a return of 108.57% in the last year compared to the market's 5.53%. This strong performance suggests that investor sentiment is favorable towards the company, despite some concerns regarding long-term growth rates and low domestic mutual fund holdings. The attractive valuation metrics, including a low PEG ratio of 0.1, further support the stock's rising trend, indicating that it is trading at a discount compared to its peers.