Why is Mah. Scooters falling/rising?

As of 03-Sep, Maharashtra Scooters Ltd is experiencing a price increase, currently at Rs. 16,692.70, reflecting a rise of 295.7 points or 1.8%. The stock has recently hit a new 52-week and all-time high, outperforming its sector by 0.96%. Over the past five days, the stock has gained 8.39%, and it is trading above all key moving averages, indicating strong momentum. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 48.78% compared to the five-day average. Despite a 12.5% decline in profits over the past year, the company maintains strong long-term fundamental strength, evidenced by a 67.82% CAGR growth in net sales, which supports its fair valuation relative to peers.
In the broader market context, Maharashtra Scooters has significantly outperformed the benchmark Sensex, which has seen a slight decline of 0.27% over the past week. The stock's performance is particularly impressive when considering its year-to-date return of 73.72% compared to the Sensex's 3.11%. This strong performance in both the short and long term, coupled with a solid foundation in terms of sales growth and fair valuation, positions Maharashtra Scooters favorably in the market, contributing to its rising stock price.