Why is Shakti Pumps falling/rising?

As of 19-Aug, Shakti Pumps (India) Ltd is experiencing a price increase, currently at Rs 876.65, reflecting a rise of 9.65 points or 1.11%. The stock has shown positive momentum, gaining for the last two consecutive days with a total return of 1.31% during this period. Despite a high intraday peak of Rs 889.95, the stock's weighted average price indicates more trading volume occurred closer to its low price. The stock has outperformed its sector by 0.39%, although it has seen a significant decline in delivery volume, down 48.34% from the five-day average. Over the past week, the stock has increased by 4.62%, contrasting with a 4.67% decline over the past month. Positive factors contributing to this rise include high management efficiency, a low debt-to-equity ratio, and consistent growth in net sales and operating profit, alongside positive results for the last seven quarters.
In the broader market context, Shakti Pumps has outperformed the benchmark Sensex over the past week, which has only risen by 1.76%. However, the stock has underperformed in the longer term, with a year-to-date decline of 17.62% compared to the Sensex's gain of 4.49%. While the stock has generated a notable return of 19.54% over the past year, concerns about its high valuation, indicated by a Price to Book Value of 9.3, may temper investor enthusiasm. The stock's PEG ratio of 0.3 suggests that, despite its recent performance, it may be considered expensive relative to its earnings growth, which could influence future price movements.