Why is Mahamaya Steel falling/rising?

As of 17-Jul, Mahamaya Steel Industries Ltd is currently priced at Rs 371.10, showing no change (0.00%). The stock is trading very close to its 52-week high, just 0.24% away from Rs 372. It has demonstrated strong performance with a 4.93% increase over the past week and an impressive 17.42% rise over the last month. The company reported a significant growth in net profit of 307.77% and achieved record figures in net sales and PBDIT, contributing to a positive outlook. However, there has been a notable decline in investor participation, with delivery volume dropping by 86.54% against the 5-day average, which could indicate reduced trading interest despite the stock's strong fundamentals.
In the broader market context, Mahamaya Steel has outperformed the benchmark Sensex, which has seen a decline of 1.12% over the past week while the stock itself rose. The stock's year-to-date return of 81.02% and a remarkable 267.24% increase over the past year further highlight its strong performance relative to the market. This outperformance in both the short and long term suggests that while the stock is currently stable, the underlying fundamentals remain robust, supporting its price level despite the recent drop in trading volume.