Why is Vaibhav Global falling/rising?

As of 30-Oct, Vaibhav Global Ltd's stock price is currently at 273.95, reflecting an increase of 16.55, or 6.43%. The stock has demonstrated strong performance recently, having outperformed its sector by 6.6% today and achieving a consecutive gain over the last three days with a total return of 17.35%. It reached an intraday high of Rs 292.7, indicating significant upward momentum. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which suggests a positive trend. The company has reported impressive growth in its financials, with a 63.23% increase in profit before tax and a 71.0% rise in profit after tax for the recent quarter, contributing to its attractive valuation and a favorable PEG ratio of 0.6.
In the broader market context, Vaibhav Global's short-term performance has been notably strong, with a 1-week return of 16.82%, contrasting sharply with the Sensex, which has seen a slight decline of 0.18% over the same period. While the stock has underperformed the benchmark over longer periods, such as year-to-date and one-year returns, its recent positive financial results and rising investor participation, evidenced by a significant increase in delivery volume, have contributed to its current upward price movement. This suggests that despite historical underperformance, the recent financial performance and market activity are driving investor confidence and stock price appreciation.