Why is Tirupati Starch falling/rising?

As of 25-Jul, Tirupati Starch & Chemicals Ltd is experiencing a price increase, currently at 190.40, reflecting a rise of 0.7 (0.37%). The stock has shown a positive trend today, outperforming its sector by 1.67% and reversing a two-day decline. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong momentum. Over the past week, the stock has gained 4.07%, while its performance over the past month shows a 10.70% increase. Despite a significant drop in delivery volume by 77.9% compared to the 5-day average, the stock remains liquid enough for trading. Positive financial results, including a 455.90% growth in profit after tax and a 29.94% increase in net sales, contribute to its favorable valuation compared to peers, supported by a low PEG ratio of 0.1.
In the broader market context, Tirupati Starch's short-term performance contrasts sharply with the benchmark Sensex, which has declined by 0.36% over the past week and 1.56% over the past month. While the stock has generated a modest return of -0.24% over the past year, its substantial profit growth indicates a strong underlying performance. The stock's year-to-date return of 26.85% significantly outpaces the Sensex's 4.25%, highlighting its resilience and attractiveness to investors despite recent fluctuations in trading volume.