Why is Somi Conv.Belt. falling/rising?

As of 25-Jun, Somi Conveyor Beltings Ltd is experiencing a rise in its stock price, currently at Rs 164.00, which reflects an increase of 5.95 or 3.76%. The stock has been gaining for the last four days, resulting in an overall return of 8.25% during this period. It has outperformed its sector by 1.19% today, and the stock's performance over the past week shows a gain of 5.03%. Despite a negative return of -16.69% over the past year, the company has seen a profit increase of 20.7%, contributing to its attractive valuation with a Price to Book Value of 2.7. However, the stock is trading at a discount compared to its peers, which may be influencing the recent upward movement.
In the broader market context, the stock's short-term performance has significantly outpaced the benchmark, with the Sensex only gaining 1.61% over the past week. While the stock has underperformed in the longer term, as indicated by its -18.81% year-to-date return compared to the Sensex's +5.91%, the recent surge in investor participation, evidenced by a 181.56% increase in delivery volume, suggests a growing interest that could be driving the price up. The overall positive sentiment in the Rubber Products sector, which has gained 2.57%, may also be contributing to the stock's recent performance.