Why is Simplex Castings falling/rising?

As of 04-Jul, Simplex Castings Ltd is experiencing a price increase, with its current price at Rs 392.30, reflecting a rise of Rs 18.45 or 4.94%. The stock has recently hit a new 52-week and all-time high, and it has outperformed its sector by 4.37%. Over the past four days, the stock has shown a consecutive gain, rising 17.09% during this period. Additionally, the stock is trading above its moving averages across various time frames, indicating strong upward momentum. The company has reported impressive financial growth, including a 184.92% increase in net profit and positive results for the last four consecutive quarters, contributing to investor confidence and driving the stock's recent performance.
In the broader market context, Simplex Castings has significantly outperformed the benchmark Sensex, which has seen a decline of 0.74% over the past week while the stock itself has risen by 16.13%. This stark contrast highlights the stock's strong performance relative to the market. Furthermore, the company's robust financial metrics, such as a PEG ratio of 0 and substantial profit growth, suggest that it is trading at a fair valuation compared to its peers, further supporting its rising stock price. The increased investor participation, evidenced by a notable rise in delivery volume, also reflects growing interest in the stock, contributing to its upward trajectory.