Why is Sizemasters Tech falling/rising?

As of 18-Nov, Sizemasters Technology Ltd is experiencing a significant rise in its stock price, currently at Rs. 217.30, which reflects an increase of 36.2 points or 19.99%. The stock has reached a new 52-week high today and has outperformed its sector by 21.74%. Over the last three days, Sizemasters has shown impressive gains, with a total return of 58.61%. The stock opened with a gap up of 14.16% today, and it is trading above all key moving averages, indicating strong bullish momentum. Additionally, the company has demonstrated high management efficiency with a return on equity (ROE) of 16.32% and a low debt to EBITDA ratio of 0.94 times, contributing to positive investor sentiment.
In the broader market context, Sizemasters has significantly outperformed the benchmark, with a one-week return of 53.57% compared to the Sensex's 0.96%. The stock has also shown remarkable year-to-date performance, with a return of 59.84% against the benchmark's 8.36%. This strong performance is supported by healthy net sales growth of 78.89% annually and positive results over the last two quarters. However, it is worth noting that while the stock has performed well, it is considered very expensive with a high valuation, as indicated by its PEG ratio of 3.1. Despite this, the stock's liquidity and rising investor participation suggest continued interest and confidence in its future growth prospects.