Why is Sudal Industries falling/rising?

As of 04-Jul, Sudal Industries Ltd is experiencing a price increase, with its current price at Rs 83.27, reflecting a rise of 1.63 (2.0%). 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 eight days, accumulating a total return of 35.4% during this period. Additionally, the stock has outperformed its sector by 1.25%. Over the past week, Sudal Industries has shown a remarkable return of 13.62%, significantly surpassing the Sensex, which has declined by 0.74%. The company has also reported strong financial performance, with a 47.22% growth in operating profit and positive results for the last five consecutive quarters, contributing to the stock's upward momentum.
In the broader market context, while Sudal Industries has outperformed the benchmark indices over various time frames, including a 74.46% return over the last month compared to the Sensex's 3.01%, there has been a notable decline in investor participation, with delivery volume falling by 63.37% against the five-day average. Despite this drop in participation, the stock remains liquid enough for trading, and its fair valuation, indicated by a ROCE of 18.2 and a PEG ratio of 0.1, suggests that it is trading at a discount compared to its peers. Overall, the strong financial results and consistent performance have driven the stock's rise, even as broader market conditions show mixed signals.