Why is Tirupati Starch falling/rising?

As of 18-Jul, Tirupati Starch & Chemicals Ltd is experiencing a price increase, currently at Rs 182.95, reflecting a rise of 3.85 or 2.15%. The stock has shown strong performance recently, outperforming its sector by 3.18% today and achieving a consecutive gain over the last two days with a total return of 7.49%. It has also been trading above its moving averages across various time frames, indicating positive momentum. Additionally, the company reported significant growth in net sales and profits, with a notable PEG ratio of 0.1, suggesting it is undervalued compared to peers. However, the company does face challenges, including high debt levels and weak long-term growth prospects, which could temper investor enthusiasm.
In the broader market context, Tirupati Starch has outperformed the Sensex in the short term, with a 1-week return of +6.06% compared to the benchmark's -0.90%. Year-to-date, the stock has gained 21.89%, significantly higher than the Sensex's 4.63% increase. Despite its recent gains, the stock has underperformed over the past year, with a decline of 16.00%, contrasting with the Sensex's slight gain of 0.51%. This mixed performance highlights the stock's volatility and the impact of both positive operational results and underlying financial concerns on its price movements.