Why is Mahindra EPC falling/rising?

As of 12-Aug, Mahindra EPC Irrigation Ltd's stock price is rising, currently at Rs 152.60, reflecting an increase of Rs 9.6 or 6.71%. The stock has shown strong performance recently, outperforming its sector by 9.14% today and achieving a consecutive gain over the last two days with a total return of 13.84%. It has also been trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. The company has reported positive financial results over the last three quarters, with net sales growing by 35.59% and a higher profit after tax of Rs 7.23 crore, contributing to investor confidence and the stock's upward movement.
In the broader market context, while the Sensex has experienced a decline of 0.59% over the past week, Mahindra EPC has delivered a return of 8.30%, showcasing its resilience against market trends. Despite the overall negative performance of the BSE500 index, which has seen a drop of 2.11% in the last year, Mahindra EPC has managed to generate a return of 16.05%, further highlighting its strong market position. The rising investor participation, evidenced by a significant increase in delivery volume, also supports the stock's upward trajectory amidst a challenging market environment.