Why is Wonder Electric. falling/rising?

As of 18-Nov, Wonder Electricals Ltd's stock price is rising, currently at Rs 176.75, reflecting an increase of Rs 7.6 or 4.49%. The stock has shown strong performance recently, gaining 19.51% over the last three days and outperforming its sector by 4.08% today. Despite opening lower with a loss of 2.36%, it reached an intraday high of Rs 178.55. Over the past week, the stock has increased by 17.75%, and it has consistently outperformed the BSE500 index in the last three annual periods, generating a return of 42.37% in the past year. However, the company has reported negative results for the quarter ending September 25, with low operating profit and net sales, which may raise concerns among investors. Additionally, the stock's valuation appears expensive compared to its peers, as indicated by a high PEG ratio of 2.5.
In the broader market context, Wonder Electricals Ltd's short-term performance significantly outpaces the benchmark Sensex, which has only increased by 0.96% over the past week. The stock's strong returns, particularly over the last three years, where it has surged by 806.88%, suggest robust investor confidence despite recent negative financial results. The rising investor participation, evidenced by a 48.95% increase in delivery volume, indicates a growing interest in the stock, which may counterbalance the concerns stemming from its financial performance and low domestic mutual fund holdings. Overall, while there are some negative indicators, the stock's recent upward movement is supported by strong historical performance and increased trading activity.