Why is Mah. Scooters falling/rising?

As of 24-Sep, Maharashtra Scooters Ltd is experiencing a price increase, currently at Rs 17,901.55, reflecting a rise of Rs 330.7 or 1.88%. The stock has shown strong performance over the past month, with a return of +15.27%, and it is currently trading close to its 52-week high, just 3.49% away from Rs 18,526. Despite a significant drop in delivery volume by 75.65% compared to the 5-day average, the stock is trading above all key moving averages, indicating positive momentum. The company has demonstrated strong long-term fundamentals, with a 67.82% CAGR growth in net sales, although its profits have declined by 12.5% over the past year. This combination of strong returns and fair valuation compared to peers supports the stock's recent upward movement.
In the broader market context, Maharashtra Scooters has outperformed the Sensex, which has seen a decline of 1.18% over the past week, while the stock itself has only dipped by 1.09% in the same period. Year-to-date, the stock has significantly outperformed the benchmark with an impressive return of +86.30% compared to the Sensex's +4.58%. This consistent outperformance over various time frames, coupled with the company's solid fundamentals, suggests that the stock's rise is supported by both its individual performance and a favorable comparison to the broader market trends.