Why is Madhav Copper falling/rising?

As of 26-Sep, Madhav Copper Ltd is experiencing a price increase, currently trading at 58.53, with a change of 5.17, representing a rise of 9.69%. The stock has shown strong performance today, outperforming its sector by 13.48%. It is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has surged by 22.29%, while it has delivered a remarkable 57.13% return over the last year, significantly outperforming the BSE500 benchmark. The company has reported positive results for the last six consecutive quarters, with net sales reaching their highest at Rs 46.20 crore and PBDIT also at a record Rs 2.02 crore, contributing to the stock's upward momentum.
In the broader market context, while Madhav Copper has shown impressive short-term returns, the Sensex has declined by 2.65% over the same week. This stark contrast highlights the stock's strong performance relative to the market. However, it is important to note that despite its recent gains, the company faces challenges such as weak long-term fundamental strength and a negative return on capital employed, which could impact future performance. Nevertheless, the current investor enthusiasm, reflected in a significant increase in delivery volume, suggests a positive sentiment surrounding the stock at this time.