Why is Sandhar Tech falling/rising?

As of 03-Nov, Sandhar Technologies Limited's stock price is currently at 540.80, reflecting an increase of 28.15 or 5.49%. Today's price summary indicates that the stock has outperformed its sector by 4.88% and has experienced a trend reversal, gaining after three consecutive days of decline. The stock reached an intraday high of Rs 544.9, and it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite a decrease in delivery volume by 30.71% compared to the 5-day average, the stock remains liquid enough for trading. Over the past month, Sandhar Technologies has shown a robust return of 18.61%, significantly outperforming the Sensex, which only gained 3.41%.
In the broader market context, Sandhar Technologies has demonstrated strong long-term growth, with an annual operating profit increase of 42.83% and a return on capital employed (ROCE) of 10.7, indicating an attractive valuation. The stock is trading at a discount compared to its peers, and its profits have risen by 18.2% over the past year, contributing to a PEG ratio of 1.3. This performance has allowed the stock to outperform the BSE500 over various time frames, including the last three years, one year, and three months. Overall, the combination of positive earnings growth, attractive valuation, and recent price movements contributes to the stock's upward trajectory despite a slight decline in investor participation.