Why is Universal Cables falling/rising?

As of 18-Sep, Universal Cables Ltd. is experiencing a price increase, currently at Rs 791.50, reflecting a rise of Rs 52.5 or 7.1%. The stock has shown strong performance today, outperforming its sector by 7.08% and achieving a consecutive gain over the last two days with a total return of 11.09%. It reached an intraday high of Rs 799.9, and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 95.08% compared to the 5-day average. The company has also reported impressive financial results, including a substantial growth in profit before tax and profit after tax, contributing to its attractive valuation and consistent returns over the past three years.
In the broader market context, Universal Cables has outperformed the Sensex in the short term, with a 1-week return of 9.46% compared to the Sensex's 1.80%. While the stock has a year-to-date return of -2.79%, its performance over the last year has been strong at 14.16%, significantly higher than the Sensex's 0.08%. The company's positive financial indicators, such as a low PEG ratio and high debtor turnover ratio, further support its recent price movement. Overall, the combination of strong recent performance, positive financial results, and increased investor interest has contributed to the stock's upward trajectory.