Why is Wheels India falling/rising?

As of 24-Sep, Wheels India Ltd. is experiencing a price increase, with its current price at Rs. 863.00, reflecting a rise of Rs. 52.5 or 6.48%. The stock has recently hit a new 52-week high of Rs. 912 and has outperformed its sector by 7.52%. It has shown a consecutive gain over the last two days, with a total return of 7.95% during this period. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong upward momentum. The company has also reported significant growth in operating profit and positive results for the last six consecutive quarters, which has contributed to investor confidence and rising participation, as evidenced by a 456.29% increase in delivery volume compared to the 5-day average.
In the broader market context, Wheels India has outperformed the benchmark Sensex, which has declined by 1.18% over the past week, while the stock itself has gained 6.19%. This trend continues over a one-month period, where the stock has risen by 14.49% compared to a slight increase of 0.50% in the Sensex. Despite the overall negative performance of the broader market, with the BSE500 showing a decline of 5.32% over the past year, Wheels India has managed to generate an 8.13% return, showcasing its resilience and attractiveness to investors. The stock's favorable valuation metrics, including a PEG ratio of 0.3 and a return on capital employed (ROCE) of 15.6, further support its upward price movement.