Why is Universal Cables falling/rising?

As of 02-Sep, Universal Cables Ltd. has experienced a price increase, currently trading at 736.20, which reflects a rise of 27.15 or 3.83%. Today's performance indicates a positive trend reversal, as the stock has gained after four consecutive days of decline. It reached an intraday high of Rs 740, outperforming its sector by 2.86%. Despite a notable drop in investor participation, with delivery volume decreasing by 64.91% compared to the 5-day average, the stock remains liquid enough for trading. Over the past week, Universal Cables has shown a return of 0.92%, while its performance over the last month is up by 1.90%. The stock has generated a return of 3.69% over the past year, with profits rising by 30%, contributing to its attractive valuation compared to peers.
In the broader market context, the Sensex has seen a decline of 0.78% over the past week and 0.55% over the past month, indicating that Universal Cables has outperformed the benchmark during these periods. The company's strong financial results, including significant growth in profit before tax and profit after tax, alongside a favorable PEG ratio of 0.7, suggest a solid foundation for its recent price movement. Furthermore, the stock's consistent returns over the last three years, outperforming the BSE500, reinforce its positive outlook despite the recent drop in trading volume.