Why is Universal Cables falling/rising?

As of 08-Jul, Universal Cables Ltd. is experiencing a price increase, currently at 802.20, reflecting a change of 1.8 or 0.22% upward. The stock has shown strong performance recently, gaining 2.69% over the last two days and outperforming its sector by 0.59%. It has also touched an intraday high of Rs 822.4, indicating positive momentum. Over the past week, the stock has risen by 2.28%, and over the last month, it has significantly outperformed the benchmark with a return of 31.29% compared to the Sensex's 1.85%. Despite a slight decline of 1.48% year-to-date, the stock has demonstrated consistent returns over the past three years, with a remarkable increase of 443.86%. However, it is important to note that while the stock has generated a return of 3.77% in the last year, its profits have decreased by 17.4%, which may temper some investor enthusiasm.
In the broader market context, Universal Cables' recent performance stands out against the Sensex, which has only seen a marginal increase of 0.02% over the past week. The stock's ability to trade above its moving averages and increased investor participation, as evidenced by a 24.85% rise in delivery volume, suggests a favorable trading environment. Additionally, the stock is trading at a discount compared to its peers, which may attract more investors looking for value. Overall, while the stock has shown resilience and positive short-term trends, the decline in profits could raise concerns among investors about its long-term sustainability.