Why is Rashi Peripheral falling/rising?

As of 23-Sep, Rashi Peripherals Ltd is experiencing a price increase, with its current price at 333.95, reflecting a rise of 13.25 or 4.13%. The stock has shown strong performance today, outperforming its sector by 5.71% and achieving a consecutive gain over the last three days, with a total return of 5.95% during this period. It reached an intraday high of Rs 335.9, and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 871.17% compared to the 5-day average. The company has demonstrated healthy long-term growth, with net sales increasing at an annual rate of 22.60%, and its profits have risen by 52% over the past year, contributing to a favorable PEG ratio of 0.2.
In the broader market context, Rashi Peripherals has outperformed the Sensex in the short term, with a 1-week return of +6.17% compared to the benchmark's -0.34%. While the stock has faced challenges over the longer term, with a year-to-date decline of -15.64%, its recent positive financial results, including a 28.36% growth in PAT and a 42.9% increase in PBT, have bolstered investor confidence. The attractive valuation, indicated by a 1.2 enterprise value to capital employed ratio and a return on capital employed (ROCE) of 10.7, further supports the stock's upward movement despite its previous underperformance over the past year.