Why is Taylormade Renew falling/rising?

As of 12-Aug, Taylormade Renewables Ltd is experiencing a price increase, currently at 221.45, reflecting a rise of 3.05 or 1.4%. Today's price summary indicates that the stock has outperformed its sector by 0.75% and has shown a trend reversal after four consecutive days of decline. It opened with a gain of 2.13% and reached an intraday high of Rs 226.95, although it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The stock has a low debt-to-equity ratio of 0.04 times, and its net sales and operating profit have shown healthy growth rates of 82.70% and 80.43%, respectively. However, despite the recent price increase, the stock has underperformed significantly over the past year, with a return of -54.81%, which raises concerns about its valuation given the high PEG ratio of 22.
In the broader market context, Taylormade Renewables has faced a challenging environment, particularly over the last year, where it has underperformed the benchmark, the Sensex, which has seen a decline of only 0.59%. The stock's performance over the past week and month has also been negative, with returns of -5.04% and -16.98%, respectively. While the stock's recent price movement may suggest a recovery, the overall trend indicates significant volatility and underperformance compared to the market, which could lead to cautious sentiment among investors.