Why is Yash Chemex falling/rising?

As of 03-Jul, Yash Chemex Ltd's stock price is currently at Rs 54.10, reflecting an increase of Rs 2.0 or 3.84%. The stock has shown strong performance today, outperforming its sector by 3.87% and opening with a gain of 2.69%. It reached an intraday high of Rs 54.1, and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a significant rise in investor participation, with delivery volume increasing by 274.46% compared to the 5-day average. Over the past week, the stock has gained 2.08%, while it has increased by 7.98% over the past month, indicating a positive trend. The company's recent financial results have also contributed to this upward movement, with a notable increase in profits and net sales, alongside an attractive valuation compared to its peers.
In the broader market context, Yash Chemex's short-term performance has been favorable when compared to the Sensex, which has declined by 0.62% over the past week. While the stock has generated a return of 1.44% over the past year, the Sensex has outperformed it with a 4.07% return. However, the stock's positive financial indicators, such as a 233% increase in profits and a PEG ratio of 0, suggest that it is undervalued relative to its historical valuations. This combination of strong performance metrics and favorable market conditions has likely contributed to the recent rise in Yash Chemex's stock price.