Why is Sicagen India falling/rising?

As of 08-Sep, Sicagen India Ltd's stock price is currently at Rs 78.45, reflecting an increase of Rs 3.08 or 4.09%. The stock has shown strong performance today, outperforming its sector by 6.35% and opening with a gain of 2%. It reached an intraday high of Rs 78.89, indicating positive momentum. Over the past week, the stock has risen by 7.50%, and in the last month, it has increased by 12.07%. Despite a year-to-date decline of 10.74% and a one-year drop of 30.87%, the company's operating profit has grown significantly, leading to a favorable PEG ratio of 0.6, suggesting that the stock is undervalued compared to its peers.
In the broader market context, Sicagen India's recent performance stands out against the Sensex, which has only gained 0.53% over the past week and 1.16% over the past month. This indicates that the stock is experiencing a stronger recovery relative to the overall market. However, it is worth noting that trading activity in the sector has decreased by 2.34%, and investor participation has fallen, with delivery volume declining by 7.89% against the five-day average. Despite these challenges, the company's healthy long-term growth prospects and attractive valuation metrics contribute positively to its recent price movement.