Why is Shaily Engineer. falling/rising?

As of 01-Aug, Shaily Engineering Plastics Ltd is experiencing a price increase, currently at 1,600.70, reflecting a rise of 7.7 points or 0.48%. The stock has shown a trend reversal by gaining after two consecutive days of decline, and it has outperformed its sector by 1.79% today. Despite a recent drop in delivery volume, which fell by 37.04% against the 5-day average, the stock remains liquid enough for trading. Over the past year, Shaily has generated a remarkable return of 93.46%, significantly outperforming the Sensex, which has declined by 1.55% during the same period. The company has demonstrated strong fundamentals, including a low Debt to EBITDA ratio and consistent growth in operating profit, which has contributed positively to its stock performance.
In the broader market context, while Shaily's short-term performance has been slightly negative over the past week and month, it has outperformed the benchmark Sensex, which has seen a decline of 1.06% and 3.70%, respectively. The stock's long-term performance remains robust, with a staggering 302.56% increase over the last three years, indicating strong market confidence. High institutional holdings at 23.84% further support the stock's stability, as these investors typically have better resources to analyze company fundamentals. However, the stock's valuation is considered expensive, with a high PEG ratio, which could pose risks if market conditions change.