Why is Sugal & Damani falling/rising?

As of 20-Aug, Sugal & Damani Share Brokers Ltd is experiencing a price increase, currently at Rs 101.00, which reflects a rise of 3.0 or 3.06%. Today's price movement indicates a trend reversal as the stock has gained after two consecutive days of decline. Despite opening with a loss of 5%, it reached an intraday high of Rs 102.9, showcasing high volatility with a wide trading range of Rs 9.8. The stock has underperformed in the short term, with a 1-week return of -6.48%, but has shown strong performance over the year with a return of 125.20%. The company has reported positive financial results, including a 25.15% growth in net profit and consistent positive results over the last five quarters, contributing to investor confidence.
In the broader market context, the Sensex has gained 1.64% over the past week, contrasting with Sugal & Damani's short-term decline. However, the stock's year-to-date performance of +25.84% significantly outpaces the Sensex's +4.76%, indicating strong long-term growth potential. The stock is trading at a premium compared to its peers, supported by a robust return on equity of 20.7 and a favorable PEG ratio of 0.2, suggesting that it is fairly valued despite its recent volatility. Rising investor participation, as evidenced by a 12.34% increase in delivery volume, further supports the stock's upward movement today, reflecting a positive sentiment among investors.