Why is Yash Chemex falling/rising?

As of 25-Aug, Yash Chemex Ltd's stock price is rising, currently at Rs 69.39, reflecting an increase of Rs 7.04 or 11.29%. The stock has recently hit a new 52-week high of Rs 70.25 and has been on a consecutive gain streak for the last six days, accumulating a total return of 33.14% during this period. The stock has outperformed its sector by 11.66% today and opened with a gain of 3.13%. Additionally, Yash Chemex has shown strong performance over various time frames, with a year-to-date return of 36.03% and a one-year return of 29.85%. The company has reported positive results for the last three consecutive quarters, with net sales growing by 122.30% and profits increasing by 205%, contributing to a favorable PEG ratio of 0.1, indicating strong growth relative to its valuation.
In the broader market context, Yash Chemex's performance stands out significantly against the benchmark, as the BSE500 has generated negative returns of -2.11% over the past year, while Yash Chemex has achieved a return of 29.85%. This stark contrast highlights the stock's resilience and attractiveness to investors, particularly given its recent rise in investor participation, with delivery volumes increasing by 318.35% compared to the five-day average. The stock's liquidity is also favorable, allowing for sufficient trading activity. Overall, the combination of strong financial results, positive market sentiment, and outperformance relative to the broader market has contributed to the stock's rising price.