Why is Macpower CNC falling/rising?

As of 19-Sep, Macpower CNC Machines Ltd is experiencing a slight increase in its stock price, currently at 868.30, reflecting a change of 0.6 or 0.07% upward. The stock's performance today is in line with the sector, although it is trading higher than the 20-day moving averages but lower than the 5-day, 50-day, 100-day, and 200-day moving averages. The stock has shown a mixed performance over various periods, with a notable decline of 42.32% year-to-date and a 32.34% drop over the past year, despite a significant 208.13% increase over the last three years. Positive factors include a low debt-to-equity ratio and healthy long-term growth in operating profit, which has grown at an annual rate of 37.86%. However, the company has faced challenges, including flat results in June and a low debtors turnover ratio, which may contribute to its expensive valuation.
Broader market context indicates that while the stock has underperformed the market over the past year, with a return of -32.34% compared to the BSE500's -1.96%, it has shown some resilience in the short term with a 8.55% increase over the past month, outperforming the benchmark's 1.39% gain. The rising investor participation, evidenced by a significant increase in delivery volume, suggests a growing interest in the stock, although the lack of domestic mutual fund investment may indicate caution among institutional investors regarding its current valuation. Overall, the stock's recent upward movement appears to be influenced by a combination of improved investor engagement and underlying growth potential, despite the backdrop of a challenging performance relative to the broader market.