Why is Simplex Castings falling/rising?

As of 29-Aug, Simplex Castings Ltd is experiencing a price increase, currently at Rs 365.10, reflecting a rise of 4.9 (1.36%). Today's price summary indicates that the stock has outperformed its sector by 2.77% and has gained after two consecutive days of decline, reaching an intraday high of Rs 371. The stock is trading above its 100-day and 200-day moving averages, although it is below its 5-day, 20-day, and 50-day moving averages. Despite a significant drop in delivery volume, which fell by 76.01% against the 5-day average, the company has shown strong financial performance, with a net profit growth of 192.59% and consistent positive results over the last five quarters. The stock is trading at a discount compared to its peers, and its PEG ratio of 0 indicates favorable valuation metrics.
In the broader market context, the stock's short-term performance has been relatively weak, with a 1-week decline of 3.67%, while the benchmark Sensex has decreased by 1.84%. However, on a year-to-date basis, Simplex Castings has significantly outperformed the Sensex, with a return of 15.89% compared to the benchmark's 2.14%. The stock has consistently generated returns over the past three years, outperforming the BSE500 in each of the last three annual periods. This strong historical performance, combined with the recent positive financial results, suggests that the stock's current rise may be a correction following its recent declines, supported by its solid fundamentals.