Why is Responsive Ind falling/rising?

As of 22-Jul, Responsive Industries Ltd is currently priced at 242.50, reflecting an increase of 0.95 or 0.39%. The stock has shown a positive performance today, outperforming its sector by 1.71% and marking a consecutive gain over the last two days with a total return of 0.71%. In the past week, the stock has risen by 1.02%, while over the past month, it has significantly outperformed the benchmark with a return of 17.15% compared to the Sensex's decline of 0.27%. Despite a strong operating profit growth rate of 63.05% and a low Debt to EBITDA ratio of 1.18, which indicates a strong ability to service debt, the stock has underperformed over the past year with a return of -17.49%. This underperformance is coupled with a high valuation indicated by a PEG ratio of 1.4, suggesting that the stock may be considered expensive relative to its earnings growth.
Broader market context shows that while the stock has recently gained, it has still lagged behind the broader market over the past year, where the BSE500 has generated a return of 0.99%. The stock's recent gains can be attributed to strong quarterly results, including record net sales and profit before tax figures, which have likely attracted investor interest. However, the significant drop in delivery volume by 74.93% against the five-day average suggests a decline in investor participation, which could be a concern for future price stability. Overall, while the stock has shown positive short-term movements, its long-term performance remains a point of caution in the context of broader market trends.