Why is Redtape falling/rising?

As of 23-Sep, Redtape Ltd's stock price is currently at Rs 158.40, reflecting an increase of Rs 3.55 or 2.29%. The stock has shown strong performance recently, outperforming its sector by 3.3% today and trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, Redtape has gained 13.79%, and in the last month, it has risen by 27.02%. However, there are concerns regarding falling investor participation, as the delivery volume has decreased by 27.78% compared to the 5-day average. While the company boasts high management efficiency with a return on capital employed (ROCE) of 20.25%, it also faces challenges such as poor long-term growth, with net sales growing at an annual rate of only 14.63% over the last five years.
In the broader market context, Redtape's recent gains contrast sharply with the Sensex, which has seen a slight decline of 0.34% over the past week. This indicates that the stock's upward movement is not reflective of the overall market trend. Despite the positive short-term performance, the stock has a negative year-to-date return of 27.48%, suggesting underlying issues that may affect its long-term viability. The stock's valuation appears expensive with a PEG ratio of 4.4, and while it has generated a return of -14.19% over the past year, its profits have increased by 11.3%, indicating a potential disconnect between price and performance.