Why is Vascon Engineers falling/rising?

As of 18-Sep, Vascon Engineers Ltd is experiencing a price increase, currently at 62.31, with a change of 0.63, representing a rise of 1.02%. The stock has shown strong performance, outperforming its sector by 1.21% today. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Over the past week, the stock has risen by 11.79%, and over the past month, it has increased by 26.01%. Despite a decline in delivery volume by 34.46% against the 5-day average, the company maintains a low debt-to-equity ratio of 0.08 and has demonstrated healthy long-term growth with an annual operating profit increase of 36.06%. The stock's attractive valuation, indicated by a Price to Book Value of 1.3 and a PEG ratio of 0.6, suggests it is trading at a premium compared to its peers, which may contribute to its upward movement.
In the broader market context, the Sensex has increased by 1.80% over the past week, while Vascon Engineers has significantly outperformed this benchmark. The stock's year-to-date return of 17.57% also contrasts with the Sensex's 6.24% increase, highlighting its strong relative performance. However, it is important to note that the stock has a negative return of 9.56% over the past year, despite a 30.7% rise in profits, which may indicate underlying volatility. Overall, the combination of strong short-term performance, positive financial indicators, and a favorable comparison to the benchmark supports the stock's recent upward trend.