Why is Vaswani Industri falling/rising?

As of 23-Jul, Vaswani Industries Ltd's stock price is currently at Rs 56.99, reflecting an increase of Rs 1.5 or 2.7%. The stock has shown a strong performance recently, gaining 13.08% over the last three days and outperforming its sector by 2.47% today. Despite opening with a loss of 4.38%, it reached an intraday high of Rs 57.48, indicating volatility within the trading session. Over the past year, the stock has generated a return of 33.62%, significantly outperforming the BSE500 index in various time frames, including a remarkable 163.84% increase over three years. The company’s fair valuation, indicated by a ROCE of 9 and a PEG ratio of 1.1, suggests that it is trading at a discount compared to its peers, which may contribute to investor interest.
In the broader market context, Vaswani Industries' short-term return of 2.06% over the past week stands in contrast to the Sensex, which has only increased by 0.11%. This indicates that the stock is performing well relative to the overall market. However, there are concerns regarding falling investor participation, as evidenced by an 83.6% drop in delivery volume compared to the five-day average. Despite this decline in participation, the stock remains liquid enough for trading, which may help sustain its upward momentum. Overall, the combination of strong historical performance, fair valuation, and recent gains suggests a positive outlook for Vaswani Industries, even amidst some short-term volatility.