Why is Smruthi Organic falling/rising?

As of 28-Jul, Smruthi Organics Ltd is currently priced at 126.85, reflecting an increase of 1.1 or 0.87%. The stock has shown positive momentum, gaining 1.52% over the last two days and opening with a 2.43% increase today. It has outperformed its sector by 0.79% today and reached an intraday high of Rs 128.8. Despite a year-to-date return of 5.93%, the stock has faced challenges over the past year, with a decline of 23.58%. Positive financial results, including the highest quarterly PBDIT and PAT figures, along with a low debt-to-equity ratio, contribute to its attractive valuation, suggesting that the stock is trading at a discount compared to its peers.
In the broader market context, Smruthi Organics has outperformed the Sensex in the short term, with a 1-week return of -1.21% compared to the Sensex's -1.59%. This indicates that while the stock has experienced some volatility, it has managed to maintain a relatively stronger position against the benchmark recently. The rising investor participation, as evidenced by a significant increase in delivery volume, further supports the stock's upward movement, suggesting growing confidence among investors despite its longer-term challenges.