Why is Majestic Auto falling/rising?

As of 12-Sep, Majestic Auto Ltd's stock price is currently at Rs 345.00, reflecting an increase of Rs 4.95, or 1.46%. The stock has shown a positive trend, gaining for the last two days with a total return of 3.6% during this period. It has outperformed its sector by 1.46% today, and the stock reached an intraday high of Rs 348. Additionally, the stock's performance over the past week and month has been strong, with returns of 3.54% and 9.35%, respectively. The rising investor participation is notable, with delivery volume increasing by 148.85% compared to the 5-day average, indicating heightened interest in the stock. However, there is no information available regarding positive or negative factors that could influence its recent movement.
In the broader market context, Majestic Auto's short-term performance has outpaced the Sensex, which recorded a return of 1.48% over the same week. While the stock has performed well recently, it is important to note that its year-to-date performance shows a decline of 19.20%, contrasting with the Sensex's gain of 4.82%. Over the longer term, the stock has significantly outperformed the benchmark, with a 3-year return of 162.56% compared to the Sensex's 36.25%. This suggests that while the stock is currently experiencing a positive momentum, it has faced challenges in the longer term, which may influence investor sentiment moving forward.