Why is Simplex Castings falling/rising?

As of 27-Jun, Simplex Castings Ltd is experiencing a price increase, currently at Rs 337.80, reflecting a rise of Rs 7.8 or 2.36%. Today's price summary indicates that the stock has outperformed its sector by 1.7% and reached an intraday high of Rs 339, marking a 2.73% increase. Over the past week, the stock has shown a return of 5.93%, while its performance over the last year has been remarkable, with a return of 73.23%. The company has reported significant growth in net profit and has consistently declared positive results for the last four quarters, contributing to its strong performance. Additionally, the stock is trading above all key moving averages, indicating a bullish trend, although there has been a notable decrease in investor participation, with delivery volume falling by 54.89% against the 5-day average.
In the broader market context, Simplex Castings has outperformed the Sensex, which has returned 2.00% over the past week, while the stock has returned 5.93% in the same period. This trend of outperformance is consistent with the stock's long-term performance, where it has significantly outpaced the benchmark indices over various time frames. The company's strong financial metrics, including a substantial increase in profits and a favorable PEG ratio, suggest that it is trading at a fair valuation compared to its peers, further supporting the stock's upward movement.