Why is Tirupati Starch falling/rising?

As of 18-Sep, Tirupati Starch & Chemicals Ltd is experiencing a price increase, currently at Rs 201.00, reflecting a change of 4.6 or 2.34% upward. Today's performance indicates a trend reversal as the stock has gained after two consecutive days of decline, reaching an intraday high of Rs 212.95, which is an 8.43% increase. Despite a significant drop in delivery volume by 93.24% compared to the 5-day average, the stock has shown strong performance over the past month with a return of 9.69% and a year-to-date increase of 33.91%. The company has reported positive results for the last three consecutive quarters, with a remarkable growth in profit after tax of 306.54% over the latest six months, contributing to its favorable valuation compared to peers.
In the broader market context, while Tirupati Starch's recent performance has been strong, it has underperformed the Sensex in the past week, which saw a gain of 1.80%, while the stock declined by 2.47%. However, over longer periods, the stock has consistently outperformed the benchmark, generating a return of 24.46% over the last year compared to the Sensex's mere 0.08%. This consistent outperformance, coupled with a low PEG ratio of 0 and a fair valuation based on its enterprise value to capital employed, suggests that the stock remains attractive to investors despite recent fluctuations in trading volume and liquidity.