Why is Shera Energy falling/rising?

As of 10-Nov, Shera Energy Ltd's stock price is currently at 136.90, reflecting an increase of 3.9, or 2.93%. The stock has shown a strong performance today, outperforming its sector by 0.96%. Over the past week, it has risen by 6.12%, while in the last month, it has increased by 10.31%. The stock is currently trading above its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below its 200-day moving average. Notably, there has been a significant rise in investor participation, with delivery volume increasing by 261.11% compared to the 5-day average. The company has also reported positive financial results over the last three quarters, with a 74.80% growth in profit after tax and a 21.2% increase in net sales, contributing to a favorable outlook for the stock.
In the broader market context, Shera Energy's short-term performance contrasts sharply with the benchmark Sensex, which has declined by 0.73% over the past week. While the stock has struggled year-to-date with a decline of 26.58% and a 35.65% drop over the past year, its recent financial performance indicates a potential turnaround, as evidenced by a PEG ratio of 0.3 and a high return on capital employed (ROCE) of 22.52%. This suggests that despite its past underperformance, the stock is trading at an attractive valuation compared to its peers, which may be contributing to the recent upward movement in its price.