Why is Sandhar Tech falling/rising?

As of 13-Jun, Sandhar Technologies Limited is experiencing a rise in its stock price, currently at Rs 543.00, reflecting an increase of Rs 26.3 or 5.09%. Today's price summary indicates that the stock opened down by 2.08% but later reached an intraday high of Rs 556.6, showcasing a significant recovery. The stock has outperformed its sector by 5.62% today, and it is trading above all key moving averages, suggesting strong momentum. Over the past week, the stock has gained 5.92%, and it has shown impressive returns of 37.03% over the past month, despite a slight decline of 3.42% over the past year. The company's profits have increased by 27.4%, and its attractive valuation, indicated by a PEG ratio of 0.9, supports the recent upward movement.
In the broader market context, while Sandhar Technologies has shown positive short-term performance, the benchmark Sensex has declined by 1.30% over the past week, indicating that the stock is performing well relative to the market. The year-to-date return for Sandhar is 6.35%, which is slightly above the Sensex's return of 3.81%. The rising investor participation, with a notable increase in delivery volume, further underscores the stock's appeal among investors. Overall, the combination of strong financial performance, attractive valuation compared to peers, and positive market sentiment contributes to the stock's upward trajectory.