Why is Sequent Scien. falling/rising?

As of 22-Sep, Sequent Scientific Ltd's stock price is currently at 203.70, reflecting an increase of 2.95 (1.47%). The stock has been on an upward trend, gaining for the last six consecutive days and achieving a total return of 11.71% during this period. It has outperformed its sector by 2.55% today and has touched an intraday high of Rs 208.9. 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 has reported a remarkable growth in net profit of 93.93% and has delivered positive results for the last six quarters, contributing to investor confidence and driving the stock's recent performance.
In the broader market context, Sequent Scientific Ltd has significantly outperformed the Sensex, with a 1-week return of 11.46% compared to the Sensex's 0.46%. Over the past year, while the stock has generated a return of 17.68%, the Sensex has declined by 2.82%, showcasing the stock's resilience and strong market position. The company's fair valuation, as indicated by its PEG ratio of 0.1, and its ability to trade at a discount compared to peers further enhance its attractiveness to investors. Overall, the combination of strong financial performance, positive market sentiment, and favorable comparisons to the benchmark has contributed to the stock's rising price.