Why is Sarda Energy falling/rising?

As of 11-Aug, Sarda Energy & Minerals Ltd is experiencing a price increase, currently at Rs 556.85, reflecting a rise of Rs 21.85 or 4.08%. The stock has shown a positive trend today, gaining after two consecutive days of decline, and it reached an intraday high of Rs 569.4. Over the past week, the stock has outperformed the Sensex, with a return of 6.56% compared to the benchmark's decline of 0.51%. The company has demonstrated strong financial performance, with a significant growth in net profit of 117.52% and a high return on capital employed (ROCE) of 18.64%. However, there is a noted decline in investor participation, with delivery volume falling by 46.26% against the 5-day average, which may indicate some caution among investors despite the positive financial indicators.
In the broader market context, Sarda Energy's recent performance contrasts sharply with the Sensex, which has seen a decline of 0.51% over the past week. The stock's year-to-date return of 15.47% also surpasses the Sensex's modest gain of 3.15%. This strong performance can be attributed to the company's consistent returns over the past three years and its ability to service debt effectively, despite its relatively expensive valuation compared to peers. The stock's PEG ratio of 0.3 suggests that it may be undervalued relative to its growth prospects, which could further support its rising price amidst a generally weak market environment.