Why is Mah. Scooters falling/rising?

As of 28-Jul, Maharashtra Scooters Ltd is experiencing a price increase, currently at Rs 14,970.00, reflecting a rise of 221.0 or 1.5%. The stock has shown a positive trend today, outperforming its sector by 2.87% and gaining after two consecutive days of decline. It is also trading close to its 52-week high, just 3.58% away from Rs 15,505.95. Over the past week, the stock has increased by 0.63%, and it has demonstrated strong performance over longer periods, with a year-to-date return of 55.79% and a one-year return of 60.80%. However, it is noteworthy that the stock's profits have decreased by 12.5% over the past year, despite its strong long-term fundamental strength and consistent returns over the last three years. In the broader market context, the stock's recent performance stands in contrast to the Sensex, which has declined by 1.59% over the past week and 3.77% over the past month. This indicates that Maharashtra Scooters Ltd is not only resilient but also thriving compared to the overall market. The stock's liquidity remains adequate for trading, although there has been a slight decline in investor participation, with delivery volume falling by 4.09% against the five-day average. Overall, the stock's strong fundamentals and consistent returns, coupled with its ability to outperform the benchmark, contribute to its rising price despite some negative factors affecting profitability.