Why is Sicagen India falling/rising?

As of 11-Sep, Sicagen India Ltd's stock price is currently at 75.99, reflecting an increase of 0.59 or 0.78%. The stock has shown a trend reversal by gaining after two consecutive days of decline. It has outperformed its sector by 1.07% today, and the delivery volume has significantly increased, indicating rising investor participation. Despite a year-to-date decline of 13.54% and a one-year drop of 26.57%, the company has reported a healthy annual growth rate of 55.15% in operating profit and a profit increase of 32.2% over the past year. The stock is trading at a discount compared to its peers, with a PEG ratio of 0.6, suggesting attractive valuation metrics that may contribute to its recent price movement.
In the broader market context, the Sensex has gained 1.03% over the past week and 1.17% over the past month, while Sicagen India has experienced a slight decline of 0.54% in the same week but a notable increase of 7.99% over the past month. This indicates that while the stock has struggled in the short term compared to the benchmark, it has shown resilience and recovery in the longer term. The liquidity of the stock is adequate for trading, further supporting its price stability amidst market fluctuations.