Why is Yash Chemex falling/rising?

As of 29-Aug, Yash Chemex Ltd's stock price is rising, currently at 72.03, with a change of 0.52 (0.73%) upwards. The stock has recently hit a new 52-week high of Rs.74.5 and has outperformed its sector by 1.14%. It has gained consecutively for the last two days, accumulating a total return of 6.82% during this period. Additionally, Yash Chemex is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong upward momentum. The company has reported positive results for the last three consecutive quarters, with net sales growing by 122.30% and a significant profit increase of 205% over the past year, contributing to a favorable PEG ratio of 0.1 and suggesting the stock is undervalued compared to its peers.
In the broader market context, Yash Chemex has significantly outperformed the benchmark, with a 1-week return of +15.53% compared to the Sensex's -1.84%, and a year-to-date return of +41.21% against the Sensex's +2.14%. This stark contrast highlights the stock's resilience and attractiveness to investors, especially given the negative returns of -5.40% from the broader market (BSE500) over the past year. The rising investor participation, evidenced by a 7.47% increase in delivery volume, further supports the stock's upward trajectory, indicating strong market confidence in Yash Chemex amidst a challenging market environment.