Why is Ramco Inds. falling/rising?

As of 04-Jul, Ramco Industries Ltd's stock price is currently at Rs 289.65, reflecting an increase of Rs 3.5, or 1.22%. The stock has shown a positive trend today, gaining after two consecutive days of decline, and it outperformed its sector by 0.95%. It reached an intraday high of Rs 293.25, indicating strong intraday performance. Over the past week, the stock has increased by 3.85%, while its one-year return stands at 10.93%, with profits rising significantly by 71.3%. The company maintains a low Debt to Equity ratio and a very attractive valuation, with a Price to Book Value of 0.6, suggesting that the stock is trading at fair value compared to its peers.
In the broader market context, while Ramco Industries has outperformed the Sensex over the past week, which has declined by 0.74%, it has also shown a solid year-to-date return of 6.41%, slightly lagging behind the Sensex's 6.77%. Despite a drop in investor participation, as indicated by a significant decrease in delivery volume, the stock's liquidity remains adequate for trading. The overall positive financial indicators, including a favorable PEG ratio of 0.2, contribute to the stock's resilience and upward movement, even amidst fluctuations in market participation.