Why is Universal Cables falling/rising?

As of 19-Sep, Universal Cables Ltd. is experiencing a price increase, currently trading at 800.45, which reflects a rise of 8.95 or 1.13%. The stock has shown strong performance recently, gaining 12.34% over the last three days and outperforming its sector by 0.75% today. Additionally, it is trading above all its moving averages, indicating positive momentum. The stock has also demonstrated impressive returns over various periods, with a 1-week return of 11.48% and a 1-month return of 12.89%. Positive financial results, including a significant growth in profit before tax and profit after tax, along with a favorable debtors turnover ratio, contribute to its attractive valuation and support the stock's upward movement.
In the broader market context, Universal Cables has outperformed the benchmark Sensex in the short term, with a 1-week return of 11.48% compared to the Sensex's 0.88%. While the stock has underperformed year-to-date with a decline of 1.69% against the Sensex's gain of 5.74%, its strong performance over the past year, where it generated an 18.96% return, contrasts with the Sensex's slight decline of 0.67%. This consistent performance over the last three years, along with a favorable PEG ratio of 0.8, indicates that the stock is trading at a discount compared to its peers, further enhancing investor interest and participation.