Why is Time Technoplast falling/rising?

As of 15-Sep, Time Technoplast Ltd. is experiencing a price increase, with its current price at Rs 486.30, reflecting a rise of 12.9 points or 2.72%. The stock has shown strong performance today, outperforming its sector by 2.78% and has gained consecutively over the last two days, accumulating a total return of 3.01%. Additionally, the stock has touched an intraday high of Rs 489.45. Over the past week, Time Technoplast has returned 1.78%, and in the last month, it has increased by 9.10%. The company has a solid financial standing, evidenced by a low Debt to EBITDA ratio of 1.34 times, and has shown healthy long-term growth with an annual operating profit increase of 18.35%. Furthermore, the stock is trading at a discount compared to its peers, and its profits have risen by 21% over the past year, contributing to a favorable PEG ratio of 1.3.
In the broader market context, Time Technoplast's recent performance has outpaced the benchmark Sensex, which has returned 1.24% over the past week and 1.47% over the past month. The stock's strong institutional holdings at 21.21% suggest confidence from larger investors, who typically have better resources for analyzing company fundamentals. The consistent returns over the last three years, including a 10.59% return in the past year, further indicate the stock's resilience and attractiveness to investors. Overall, the combination of positive financial metrics, strong recent performance, and favorable market conditions has contributed to the upward movement in Time Technoplast's stock price.