Why is Universal Cables falling/rising?

As of 19-Nov, Universal Cables Ltd. is experiencing a rise in its stock price, currently at 917.00, reflecting an increase of 18.15 or 2.02%. The stock has reached a new 52-week high of Rs. 923.65 today and has shown strong performance, gaining 29.06% over the last seven days. It has outperformed its sector by 3.1% today and is trading above all key moving averages, indicating positive momentum. The company has reported impressive financial results, including an 81.66% growth in net profit and significant increases in profit before tax and profit after tax, contributing to a favorable valuation compared to its peers.
In the broader market context, Universal Cables has significantly outperformed the Sensex, with a 1-week return of 26.45% compared to the benchmark's 0.85%. Over the past month, the stock has risen by 35.24%, while the Sensex has only increased by 1.47%. Despite a recent decline in investor participation, as indicated by a 32.3% drop in delivery volume, the stock's strong financial performance and attractive valuation have driven its upward movement. The stock's long-term performance is also noteworthy, with a remarkable 224.26% increase over the past three years, further solidifying its position in the market.