Why is Synergy Green falling/rising?

As of 15-Sep, Synergy Green Industries Ltd is experiencing a price increase, currently at 585.20, which reflects a rise of 17.15 or 3.02%. Today, the stock opened with a gain of 2.01% and reached an intraday high of Rs 617.65, indicating strong performance within the day. Despite a recent decline in delivery volume, the stock has shown consistent returns, with a 34.62% increase over the past year and a remarkable 273.10% rise over the last three years. The company’s attractive valuation, with a return on capital employed (ROCE) of 18.8 and a PEG ratio of 1.7, suggests that it is trading at a discount compared to its peers, contributing positively to investor sentiment.
In the broader market context, Synergy Green's short-term performance has been somewhat mixed when compared to the benchmark, as it has underperformed the Sensex by 2.30% over the past week, while outperforming it by 7.93% over the past month. The stock's liquidity remains adequate for trading, and its consistent returns over the last three years further bolster investor confidence. Overall, while there are signs of falling investor participation, the stock's strong historical performance and attractive valuation metrics are likely driving its current upward price movement.