Why is Mahamaya Steel falling/rising?

As of 11-Jul, Mahamaya Steel Industries Ltd's stock price is rising, currently at Rs. 360.50, reflecting an increase of Rs. 6.85 or 1.94%. The stock has recently hit a new 52-week high of Rs. 360.7 and has been gaining for the last three days, with a total return of 5.75% during this period. It has outperformed its sector by 1.49% today and is trading above all key moving averages. Additionally, the company has shown impressive financial growth, with a net profit increase of 307.77% and a significant rise in profit before tax, contributing to positive investor sentiment and driving the stock's upward movement.
In the broader market context, Mahamaya Steel's short-term performance has been notably strong, with a 5.41% increase over the past week, contrasting sharply with the Sensex, which has declined by 1.12% during the same period. This outperformance is part of a longer trend, as the stock has generated a remarkable 253.78% return over the past year, significantly surpassing the Sensex's 3.26% increase. The rising investor participation, indicated by a 39.91% increase in delivery volume, further supports the stock's positive trajectory amidst a generally volatile market environment.