Why is Sandhar Tech falling/rising?

As of 24-Sep, Sandhar Technologies Limited is experiencing a price increase, currently trading at 478.95, which reflects a rise of 23.25 or 5.1%. The stock has shown strong performance today, outperforming its sector by 6.48% and achieving a consecutive gain over the last two days with a total return of 5.51%. It reached an intraday high of Rs 483.8, and it is trading above all key moving averages, indicating positive momentum. Additionally, the stock has seen a significant increase in investor participation, with delivery volume rising by 48.63% compared to the 5-day average. Despite a year-to-date decline of 6.20%, the company has demonstrated healthy long-term growth with an annual operating profit increase of 42.83%, and its profits have risen by 18.2% over the past year, contributing to a more attractive valuation relative to its peers.
In the broader market context, Sandhar Technologies has outperformed the Sensex over the past week, gaining 2.13% while the benchmark declined by 1.18%. This trend of outperformance continues in the one-month period, where the stock has risen by 8.78% compared to the Sensex's modest gain of 0.50%. The stock's performance is bolstered by its attractive valuation metrics, including a return on capital employed (ROCE) of 10.7 and a PEG ratio of 1.1, which suggest that it is trading at a discount compared to historical averages. However, it is important to note that despite recent gains, the stock has still underperformed over the longer term, with a one-year return of -17.56% compared to the Sensex's decline of only 3.77%.