Why is Mah. Seamless falling/rising?

As of 30-Jun, Maharashtra Seamless Ltd is currently priced at 762.05, reflecting an increase of 1.7 (0.22%). The stock has been on an upward trend, gaining for the last five days and achieving a remarkable 13% return during this period. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong momentum. Additionally, there has been a notable rise in investor participation, with delivery volume increasing by 40.92% compared to the 5-day average. The company's low debt-to-equity ratio of 0.07 times and the promoters' increased stake of 0.79% signal confidence in the company's future, contributing positively to the stock's recent performance.
In the broader market context, Maharashtra Seamless Ltd has outperformed the benchmark Sensex over various periods, including a 10.95% return over the past month compared to the Sensex's 2.65%. This trend of consistent outperformance is evident over the last three years, where the stock has generated a 141.44% return against the benchmark's 57.69%. The stock's strong performance relative to the market, combined with rising promoter confidence and consistent returns, supports its upward price movement.