Why is Rashi Peripheral falling/rising?

As of 19-Sep, Rashi Peripherals Ltd is experiencing a price increase, currently at Rs 318.90, which reflects a rise of Rs 3.7 or 1.17%. The stock has shown strong performance today, outperforming its sector by 1.63%, and reached an intraday high of Rs 324.05, marking a 2.81% increase. Over the past week, the stock has risen by 5.68%, and in the last month, it has gained 12.25%. Despite a year-to-date decline of 19.44%, the company has demonstrated healthy long-term growth, with net sales increasing at an annual rate of 22.60%. Positive financial results, including a 27.88% growth in PAT and a 42.9% increase in PBT, have contributed to a favorable outlook, supported by a PEG ratio of 0.2, indicating attractive valuation.
In the broader market context, Rashi Peripherals has significantly outperformed the Sensex in the short term, with a 1-week return of 5.68% compared to the Sensex's 0.88%. However, it has consistently underperformed against the benchmark over the last three years, with a 1-year return of -17.17% compared to the Sensex's -0.67%. This underperformance may weigh on investor sentiment despite recent positive movements. Additionally, rising investor participation, evidenced by a 519.86% increase in delivery volume, suggests growing interest in the stock, which could further support its upward price movement.