Why is Mah. Seamless falling/rising?

As of 16-Jul, Maharashtra Seamless Ltd's stock price is rising, currently at 731.00, reflecting an increase of 22.45 (3.17%). The stock has shown strong performance today, outperforming its sector by 3.67% and achieving a consecutive gain over the last three days with a total rise of 4.96%. It reached an intraday high of Rs 749, indicating positive momentum. Over the past week, the stock has increased by 3.91%, and it has consistently outperformed the benchmark Sensex over various periods, including a notable 117.74% increase over the last three years. Despite this positive movement, there has been a decline in investor participation, with delivery volume falling by 48.16% against the five-day average. Additionally, while the stock has generated an 11.46% return over the last year, its profits have decreased by 18.3%, suggesting some underlying challenges.
Broader Market Context: The stock's recent performance contrasts with the broader market, as the Sensex has declined by 1.08% over the past week. This divergence highlights Maharashtra Seamless Ltd's strength in a challenging market environment. The increase in institutional investor participation, with a 0.91% rise in their stake, signals confidence in the company's fundamentals, which may contribute to its upward price movement. However, the stock is trading at a premium compared to its peers, which could be a concern for some investors. Overall, while the stock is currently rising, the mixed signals regarding profitability and investor participation may warrant caution moving forward.