Why is Sudal Industries falling/rising?

As of 02-Jul, Sudal Industries Ltd is experiencing a price increase, currently at 80.04, reflecting a rise of 1.56 or 1.99%. The stock has reached a new 52-week and all-time high today, and it has been on a consecutive gain streak for the last six days, accumulating a total return of 30.15% during this period. Additionally, the stock has significantly outperformed its sector by 1.32%. Over the past week, Sudal Industries has shown a remarkable return of 20.40%, and over the past month, it has surged by 84.85%. The company's strong performance is supported by positive financial results, including a 47.22% growth in operating profit and a 234.4% increase in profits over the past year, contributing to its attractive valuation and low PEG ratio of 0.
In the broader market context, while Sudal Industries has outperformed the Sensex, which has only increased by 0.79% over the past week, the stock's impressive short-term performance highlights its strength relative to the benchmark. Despite a decline in investor participation, as indicated by a 57.76% drop in delivery volume, the stock remains liquid enough for trading. The company's consistent positive results over the last five quarters and its ability to generate substantial returns compared to the BSE500 over various time frames further solidify its position in the market, indicating a strong investor confidence in its future growth potential.