Why is SG Finserve falling/rising?

As of 10-Nov, SG Finserve Ltd is experiencing a price increase, currently at 399.55, reflecting a rise of 9.9 or 2.54%. The stock has outperformed its sector by 2% today and has shown a consecutive gain over the last two days, with a total return of 6.56% during this period. It reached an intraday high of Rs 402.35, although it also saw a low of Rs 380.3. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Despite a decline in investor participation, with delivery volume dropping by 30.07% against the 5-day average, the stock's strong long-term fundamentals, including a high return on equity of 50.75% and significant growth in net sales and operating profit, support its recent upward movement.
In the broader market context, SG Finserve's short-term performance has been notably stronger than the benchmark, with a 1-week return of +4.19% compared to the Sensex's -0.53%. While the stock has underperformed on a year-to-date basis with a return of -2.07% against the Sensex's +6.91%, its recent positive results and attractive valuation metrics, such as a PEG ratio of 0.8 and a price-to-book value of 2.2, suggest that it is trading at a discount relative to its peers. This combination of strong financial performance and favorable valuation is likely contributing to the stock's rising price.