Why is Yash Chemex falling/rising?

As of 28-Aug, Yash Chemex Ltd's stock price is currently at Rs 71.51, reflecting an increase of Rs 4.11 or 6.1%. The stock has reached a new 52-week high of Rs 72 today and has outperformed its sector by 7.79%. Over the past week, the stock has surged by 21.41%, and in the last month, it has gained 36.94%. The company has reported positive results for the last three consecutive quarters, with net sales growing by 122.30% and a significant increase in profits, which have risen by 205% over the past year. This strong financial performance, combined with a favorable PEG ratio of 0.1 and the stock trading at a discount compared to its peers, supports the recent upward movement in its price.
In the broader market context, while the BSE500 index has experienced negative returns of -5.01% over the past year, Yash Chemex has managed to generate a return of 23.51%, indicating its resilience against market trends. The stock's performance has been bolstered by its consistent profitability and the backing of majority shareholders, the promoters. However, it is worth noting that there has been a decline in investor participation, with delivery volume dropping by 59.35% against the 5-day average, which could be a point of concern moving forward. Overall, the stock's strong fundamentals and market-beating performance contribute to its rising price despite some liquidity concerns.