Why is Syrma SGS Tech. falling/rising?

As of 28-Aug, Syrma SGS Technology Ltd is experiencing a price increase, currently at Rs 741.40, reflecting a rise of Rs 13.5 or 1.85%. The stock has outperformed its sector by 0.55% today and reached an intraday high of Rs 749.45, which is a 2.96% increase. Despite a slight decline of 0.40% over the past week and 0.62% over the past month, the stock has shown impressive long-term performance, with a year-to-date return of 25.52% and a remarkable 68.39% increase over the past year. The company has demonstrated strong fundamentals, including a low debt-to-equity ratio of 0.25 and significant growth in net sales and operating profit. Additionally, institutional investors have increased their stake, indicating confidence in the company's prospects.
In the broader market context, while the Sensex has declined by 2.34% over the past week and 1.00% over the past month, Syrma SGS Technology Ltd has managed to maintain a positive trajectory, showcasing its resilience against market trends. The stock's performance has been bolstered by healthy financial results over the last four quarters and a high return on capital employed (ROCE) of 12.33%. Although there are concerns regarding its valuation, with a PEG ratio of 0.8 suggesting it may be expensive relative to growth, the overall market-beating performance in both the short and long term highlights the stock's strength amidst broader market challenges.