Why is SG Mart falling/rising?

As of 14-Nov, SG Mart Ltd's stock price is currently at 358.00, reflecting an increase of 9.4, or 2.7%. Today's performance indicates that the stock has outperformed its sector by 3.63%, reaching an intraday high of Rs 361.5. Additionally, SG Mart is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a positive trend. However, there has been a notable decline in investor participation, with delivery volume falling by 25.91% compared to the 5-day average. Despite a year-to-date decline of 3.50%, the stock has shown impressive long-term growth, with a staggering 1260.96% increase over the past three years. The company has consistently reported positive results over the last nine quarters, with significant growth in both profit before tax and profit after tax.
In the broader market context, SG Mart's short-term return of 2.17% over the past week exceeds the Sensex's return of 1.62%, indicating a stronger performance relative to the benchmark. While the stock has faced challenges over the past year, with a return of -9.14% compared to the Sensex's +9.00%, its fundamentals remain strong, supported by a low debt-to-equity ratio and impressive sales growth. The stock is currently trading at a discount compared to its peers, which may attract investors looking for value. Overall, the combination of positive financial results and relative outperformance in the short term contributes to the stock's rising price.