Why is Sportking India falling/rising?

As of 22-Jul, Sportking India Ltd's stock price is rising, currently at Rs 131.40, reflecting an increase of Rs 2.3 or 1.78%. The stock has shown a positive trend today, gaining after two consecutive days of decline and outperforming its sector by 2.21%. It reached an intraday high of Rs 134.25, indicating strong performance. Over the past week, the stock has increased by 6.83%, and in the last month, it has surged by 23.55%. Despite a significant drop in delivery volume, the stock remains liquid enough for trading, and it is currently trading above all key moving averages. Positive financial results, including a 42.96% growth in PAT and a favorable PEG ratio of 0.3, suggest that the stock is undervalued compared to its peers, contributing to its upward movement.
In the broader market context, Sportking India has outperformed the benchmark, with a 1-year return of 13.18% compared to the BSE500's 0.99%. This strong performance relative to the market may attract investor interest, despite concerns about long-term growth and low domestic mutual fund participation. The company's solid financial metrics, such as a high operating profit to interest ratio and attractive valuation, further support its rising stock price. However, the decline in investor participation could pose a risk if it continues, potentially impacting future price movements.