Why is Vipul Organics falling/rising?

As of 10-Jun, Vipul Organics Ltd is experiencing a price increase, currently trading at Rs 184.60, which reflects a rise of 6.95 or 3.91%. The stock has shown strong performance recently, gaining 9.88% over the last six days and outperforming its sector by 4.77% today. It opened with a gain of 2.17% and reached an intraday high of Rs 184.60. Additionally, the stock has outperformed the benchmark Sensex over the past week and month, with returns of 9.23% and 53.45%, respectively. However, despite these positive short-term movements, the company faces challenges with poor long-term growth, as evidenced by modest increases in net sales and operating profit over the past five years. The stock is also technically in a mildly bearish range, which may temper investor enthusiasm.
In the broader market context, while Vipul Organics has outperformed the Sensex in the short term, it has underperformed year-to-date, with a decline of 5.29% compared to the Sensex's gain of 5.44%. The stock's recent gains are notable, especially given its market-beating performance over the past year, generating a return of 36.24% against the BSE 500's 6.22%. However, the stock's valuation appears expensive relative to its earnings growth, indicated by a high PEG ratio of 4. This combination of strong short-term performance and underlying concerns about long-term growth prospects creates a complex picture for investors considering Vipul Organics.