Why is Rashi Peripheral falling/rising?

As of 22-Sep, Rashi Peripherals Ltd is experiencing a price increase, currently at Rs 320.00, reflecting a change of 1.35 (0.42%) upward. The stock has shown a strong performance recently, gaining 1.52% over the last two days and outperforming its sector by 0.66%. Additionally, it has risen by 12.97% over the past month, significantly outpacing the Sensex, which has only increased by 1.05%. The stock is trading above its moving averages across various time frames, indicating positive momentum. Furthermore, the company has reported healthy long-term growth, with net sales increasing at an annual rate of 22.60%, and positive financial results, including a 28.36% growth in PAT over the last six months.
In the broader market context, Rashi Peripherals' short-term performance has been notably stronger than the benchmark, with a 6.65% increase over the past week compared to the Sensex's 0.46% rise. However, it is important to note that the stock has underperformed over the longer term, with a -19.16% return year-to-date and a -16.25% return over the past year, contrasting with the Sensex's positive performance. This consistent underperformance against the benchmark over the last three years may weigh on investor sentiment, despite the recent positive indicators and rising investor participation in the stock.