Why is Sugal & Damani falling/rising?

As of 15-Jul, Sugal & Damani Share Brokers Ltd is experiencing a price increase, currently at 111.55, reflecting a rise of 2.15 or 1.97%. The stock has shown strong performance recently, gaining 8.14% over the past week and outperforming its sector by 1.16% today. It has been on a consecutive gain streak for the last four days, although there has been a notable decline in investor participation, with delivery volume dropping by 76.09% against the five-day average. The company has reported impressive financial results, including a 180.25% growth in operating profit and a significant increase in net sales, which has contributed to the stock's strong performance over the past year, generating a return of 284.92%.
In the broader market context, while Sugal & Damani has outperformed the benchmark Sensex in the short term, which has declined by 1.36% over the past week, the stock's year-to-date performance remains robust at 38.99%, compared to the Sensex's 5.67%. The company's strong fundamentals, including a return on equity of 18.3 and a favorable PEG ratio of 0.1, indicate a fair valuation despite trading at a premium compared to its peers. This combination of solid financial results and market-beating performance over both the long and short term has likely contributed to the stock's rising price.