Why is Brady & Morris falling/rising?

As of 30-Jun, Brady & Morris Engineering Company Ltd is experiencing a price increase, currently at 1,961.90, reflecting a rise of 102.9 or 5.54%. The stock has shown significant performance today, having touched an intraday high of Rs 2000, which represents a 7.58% increase, despite also reaching a low of Rs 1746 earlier in the day. The stock has outperformed its sector by 4.99% today and has demonstrated strong returns over various periods, including a 58.38% increase over the past year and an impressive 1594.95% over the last three years. However, there has been a notable decline in investor participation, with delivery volume falling by 54.27% against the five-day average. The company maintains high management efficiency, evidenced by a return on equity (ROE) of 31.46%, which supports its consistent returns and positive outlook.
In the broader market context, Brady & Morris has outperformed the Sensex significantly, with a 1-week return of 23.00% compared to the Sensex's 2.09%, and a 1-month return of 58.15% against the Sensex's 2.65%. This strong performance indicates that the stock is not only rising due to its individual merits but also in relation to the overall market. The high volatility observed today, with an intraday volatility of 6.78%, suggests that while the stock is gaining, it is also subject to fluctuations that could be influenced by broader market dynamics. Overall, the combination of strong historical performance, high management efficiency, and recent price movements contributes to the stock's rising trend, despite some concerns regarding declining investor participation.