Why is VIP Clothing falling/rising?

As of 23-Jun, VIP Clothing Ltd's stock price is rising, currently at Rs 42.35, reflecting an increase of Rs 1.46 or 3.57%. The stock has shown strong performance today, outperforming its sector by 3.03% and achieving consecutive gains over the last two days, with an overall return of 8.59% during this period. It reached an intraday high of Rs 42.93, while also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The company has reported impressive financial results, including a 30.02% growth in operating profit and record net sales, contributing to positive investor sentiment. Additionally, the stock is trading at a discount compared to its peers, and its profits have significantly increased, resulting in a favorable PEG ratio of 0.5.
In the broader market context, VIP Clothing's short-term return of 3.44% over the past week has notably outperformed the Sensex, which only increased by 0.12%. This indicates that the stock is gaining traction relative to the broader market. Despite some concerns regarding long-term fundamental strength, such as a low average ROCE and a high Debt to EBITDA ratio, the recent positive financial results and rising investor participation have bolstered the stock's appeal. Overall, the combination of strong recent performance and positive financial indicators has contributed to the stock's upward movement.