Why is Mah. Scooters falling/rising?

As of 28-Aug, Maharashtra Scooters Ltd is experiencing a price increase, currently at Rs 15,667.35, reflecting a rise of 266.35 (1.73%). The stock has shown strong performance today, outperforming its sector by 2.8% and opening with a gain of 2.58%. It is currently 4.68% away from its 52-week high of Rs 16,400. Over the past year, the stock has generated a return of 61.85%, significantly outperforming the Sensex, which has declined by 2.08%. Despite a recent decline in profits by 12.5%, the company maintains strong long-term fundamental strength with a 67.82% CAGR growth in net sales, and it is trading at a discount compared to its peers' average historical valuations.
In the broader market context, Maharashtra Scooters Ltd has demonstrated resilience, particularly in comparison to the Sensex, which has fallen by 2.34% over the past week and 1.00% over the past month, while the stock itself has gained 0.11% and 4.66%, respectively. This positive divergence indicates that investor sentiment towards Maharashtra Scooters is stronger than the overall market. The stock's consistent returns over the last three years and its ability to outperform the BSE500 in each of the last three annual periods further highlight its attractiveness to investors, contributing to the recent upward price movement.