Why is SPIC falling/rising?

As of 17-Nov, Southern Petrochemical Industries Corporation Ltd. is experiencing a price increase, currently at Rs 92.15, reflecting a rise of Rs 2.4 or 2.67%. The stock has shown strong performance today, outperforming its sector by 2.14% and achieving a consecutive gain over the last four days, with a total return of 5.83% during this period. Additionally, the stock reached an intraday high of Rs 93.99, indicating positive momentum. The company has demonstrated robust financial health, with a low Debt to EBITDA ratio of 1.18 times and an impressive annual operating profit growth rate of 36.33%. Furthermore, the stock is trading at a discount compared to its peers, and its PEG ratio of 0.5 suggests attractive valuation, contributing to its recent upward movement.
In the broader market context, the stock's short-term return of 5.12% over the past week significantly outpaces the Sensex's gain of 1.69%, highlighting its strong performance relative to the benchmark. Over the past year, the stock has generated a return of 24.59%, which is notably higher than the Sensex's 9.50% increase, reinforcing its market-beating performance. This trend is supported by rising investor participation, as evidenced by a 26.52% increase in delivery volume compared to the five-day average, indicating growing confidence among investors. Overall, the combination of strong financial metrics, consistent performance, and favorable market conditions has contributed to the stock's rising price.