Why is Senco Gold falling/rising?

As of 01-Sep, Senco Gold Ltd's stock price is currently at Rs 378.60, reflecting an increase of Rs 9.65 or 2.62%. The stock has shown a strong performance today, outperforming its sector by 2.76% and reaching an intraday high of Rs 380.75, which is a 3.2% increase. Over the past week, the stock has gained 0.88%, while it has significantly outperformed the benchmark Sensex, which has declined by 1.56% during the same period. Despite a year-to-date decline of 29.63%, the company has reported healthy long-term growth, with net sales increasing at an annual rate of 24.29%. Positive financial results, including a 198.7% growth in profit before tax and a 26.08% increase in net sales over the last six months, contribute to the stock's upward movement. However, a notable decline in investor participation, with delivery volume dropping by 50.14% against the five-day average, may raise concerns about sustained momentum.
In the broader market context, Senco Gold's recent performance contrasts sharply with the benchmark Sensex, which has experienced a slight decline over the past week. While the stock has shown resilience with a positive return in the short term, its year-to-date performance remains significantly negative compared to the Sensex's 2.85% gain. The stock's attractive valuation, trading at a discount to its peers, and the strong growth in profits despite the overall decline in stock price over the past year suggest that investor sentiment may be shifting positively, albeit cautiously.