Why is Synergy Green falling/rising?

As of 11-Sep, Synergy Green Industries Ltd is experiencing a price increase, currently at Rs 581.00, reflecting a rise of 8.0 points or 1.4%. The stock has shown a positive trend today, outperforming its sector by 0.92% and reversing a two-day decline. It reached an intraday high of Rs 589, which is a 2.79% increase. Over the past week, the stock has gained 7.65%, and it has consistently outperformed the benchmark indices, with a year-to-date return of 23.62% compared to the Sensex's 4.36%. Despite a recent drop in investor participation, indicated by a 54.33% decrease in delivery volume, the stock remains liquid and is trading above its moving averages across various time frames, suggesting strong underlying momentum. The company's attractive valuation, with a return on capital employed (ROCE) of 18.8 and a PEG ratio of 1.7, further supports its recent price movement.
In the broader market context, Synergy Green's short-term performance significantly outpaces the Sensex, which has only risen by 1.03% over the past week. The stock's consistent returns over the last three years, including a remarkable 41.02% return in the past year, highlight its resilience and ability to outperform the broader market. This trend is bolstered by the company's profit growth of 44.2% over the same period, indicating strong operational performance. Overall, the combination of favorable valuation metrics, consistent historical performance, and recent positive price action contributes to the stock's upward movement, despite the noted decline in investor participation.