Why is Sandhar Tech falling/rising?

As of 25-Jun, Sandhar Technologies Limited is experiencing a price increase, with its current price at Rs 549.60, reflecting a rise of 10.1 or 1.87%. The stock has shown positive momentum, gaining 2.32% over the last two days and outperforming the benchmark Sensex in the short term, with a 1-week return of 4.56% compared to the Sensex's 1.61%. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. However, there has been a notable decline in investor participation, with delivery volume dropping by 53.08% against the 5-day average. Despite a year-over-year return of -2.39%, the company's profits have increased by 27.4%, and it is trading at a discount compared to its peers, which may contribute to its recent price rise.
In the broader market context, Sandhar Technologies has outperformed the Sensex over the past week and month, with returns of 4.56% and 19.82%, respectively, while the Sensex has returned 1.61% and 1.27% in the same periods. This strong performance relative to the benchmark suggests that investor sentiment towards Sandhar Technologies is improving, likely due to its attractive valuation and solid profit growth despite recent underperformance over the past year. The stock's liquidity remains adequate for trading, which may also support its price stability and upward movement in the current market environment.