Why is Sequent Scien. falling/rising?

As of 18-Sep, Sequent Scientific Ltd is experiencing a price increase, currently at Rs 198.90, reflecting a rise of Rs 7.3 or 3.81%. The stock has been on an upward trend, gaining for the last four consecutive days and achieving a total return of 9.08% during this period. It has outperformed its sector by 2.76% today, reaching an intraday high of Rs 200. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong momentum. Additionally, the company reported a significant growth in net profit of 93.93% and has shown positive results for the last six consecutive quarters, contributing to investor confidence and driving the stock's recent performance.
In the broader market context, Sequent Scientific Ltd has outperformed the Sensex, with a 1-week return of 8.13% compared to the benchmark's 1.80%. The stock has also shown strong performance over the past month and year, with returns of 13.27% and 11.74%, respectively, while the Sensex has only returned 2.14% and 0.08% in the same periods. This consistent outperformance, coupled with a favorable PEG ratio of 0.1 and a fair valuation compared to peers, suggests that the stock is well-positioned for continued growth, attracting increased investor participation and liquidity.