Why is Macfos falling/rising?

As of 10-Nov, Macfos Ltd is experiencing a rise in its stock price, currently at Rs 807.40, reflecting an increase of Rs 23.95 or 3.06%. The stock has shown a positive performance today, outperforming its sector by 2.96% and achieving a consecutive gain over the last two days with a total return of 3.36%. Despite opening lower with a loss of 2.48%, it reached an intraday high of Rs 807.40. Over the past week, the stock has increased by 4.84%, although it has a year-to-date decline of 39.78%. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bullish trend. However, there has been a decrease in investor participation, with delivery volume falling by 1.18% against the 5-day average, which may suggest some caution among investors.
In the broader market context, Macfos's short-term return of 4.84% over the past week stands in stark contrast to the Sensex, which has declined by 0.53% during the same period. This indicates that Macfos is performing well relative to the overall market. While the stock has shown positive momentum recently, it is important to note that it has a significant year-to-date decline compared to the Sensex's gain of 6.91%. The liquidity of the stock remains adequate for trading, as it is liquid enough for a trade size of Rs 0.05 crore based on 2% of the 5-day average traded value. Overall, the recent rise in Macfos's stock price can be attributed to its strong short-term performance and relative outperformance against the benchmark, despite some underlying concerns regarding investor participation.