Why is Uday Jewellery falling/rising?

As of 02-Jul, Uday Jewellery Industries Ltd is experiencing a slight increase in its stock price, currently at 162.80, reflecting a change of 0.35 or 0.22% upward. The stock has shown strong performance recently, gaining 7.42% over the last three days and outperforming its benchmarks with a 1-week return of 7.46% compared to the Sensex's 0.79%. The company has also demonstrated robust financial health, with a significant net profit growth of 1616.67% reported in March 2025 and consistent positive results over the last two quarters. Additionally, the stock is trading above its moving averages across various time frames, indicating a strong upward trend, and has seen a notable increase in investor participation, with delivery volume rising by 186.95% against the 5-day average.
In the broader market context, Uday Jewellery's performance has outpaced the market, with a 1-year return of 18.83% compared to the BSE500's 3.11%. This strong performance is supported by the company's attractive valuation metrics, including a low debt-to-equity ratio and a favorable PEG ratio of 1.8, suggesting that the stock is undervalued relative to its peers. The liquidity of the stock is also favorable, allowing for sufficient trading activity. Overall, the combination of strong financial results, positive market sentiment, and solid investor engagement contributes to the stock's rising price.