Why is Veto Switchgears falling/rising?

As of 30-Jun, Veto Switchgears & Cables Ltd is experiencing a price increase, currently at Rs 130.35, reflecting a rise of Rs 4.75 or 3.78%. Today's price summary indicates that the stock has outperformed its sector by 3.81% and has shown a trend reversal after two consecutive days of decline. The stock reached an intraday high of Rs 136, representing an 8.28% increase. Additionally, Veto Switchgears is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which suggests a positive momentum. The company has demonstrated strong financial performance, with net sales and operating profit at their highest quarterly levels, and a low Debt to EBITDA ratio of 0.81 times, indicating a solid ability to service debt. The stock is also trading at a discount compared to its peers, with a PEG ratio of 0.5, which contributes to its attractive valuation.
In the broader market context, Veto Switchgears has shown a 1-week return of +4.53%, significantly outperforming the Sensex, which increased by only +2.09% during the same period. However, over the past month, the stock has declined by 1.44%, while the Sensex has risen by 2.65%. This indicates that while the stock is currently on an upward trajectory, it has faced challenges in the short term compared to the broader market. The rising investor participation, evidenced by an 83.64% increase in delivery volume, further supports the stock's positive movement amidst a fluctuating market environment.