Why is Sandhar Tech falling/rising?

As of 20-Jun, Sandhar Technologies Limited's stock price is currently at 554.15, reflecting an increase of 17.15, or 3.19%. The stock has shown a strong performance today, outperforming its sector by 2.06% and has been on a gaining streak for the last three days, accumulating a total return of 7.8% during this period. Despite opening with a significant loss of 8.74%, the stock reached an intraday high of Rs 573.3, indicating volatility within the trading day. Over the past week, Sandhar Technologies has outperformed the Sensex, with a return of 2.05% compared to the benchmark's 1.59%. The company's attractive valuation, indicated by a return on capital employed (ROCE) of 10.7 and a PEG ratio of 0.9, suggests that it is trading at a discount relative to its peers, which may have contributed positively to its recent price movement.
In the broader market context, Sandhar Technologies has demonstrated a robust performance relative to the Sensex over various time frames, including a 26.17% return over the past month compared to the benchmark's 1.50%. The stock's liquidity is also favorable, with a delivery volume increase of 18.94% against the five-day average, indicating rising investor participation. However, concerns regarding long-term growth persist, as evidenced by a relatively low annual growth rate in net sales and operating profit over the past five years, alongside a high debt-equity ratio. These factors may temper investor enthusiasm despite the stock's recent gains.