Why is Majestic Auto falling/rising?

As of 16-Sep, Majestic Auto Ltd's stock price is currently at Rs 348.00, reflecting an increase of Rs 10.9, or 3.23%. The stock has shown strong performance today, outperforming its sector by 3.12% and reaching an intraday high of Rs 355, which is a 5.31% increase. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. However, there has been a notable decline in investor participation, with delivery volume falling by 19.93% compared to the 5-day average, which could suggest a potential concern for sustained momentum. The positive and negative factors dashboard is unavailable, limiting further insights into specific influences on the stock's movement.
In the broader market context, Majestic Auto's short-term return of 3.82% over the past week significantly outpaces the Sensex, which has only increased by 1.58% during the same period. This indicates that while the stock is experiencing a rise, it is doing so in a market that is also showing positive movement, albeit at a slower pace. However, it is important to note that year-to-date, Majestic Auto's performance is down by 18.50%, contrasting sharply with the Sensex's gain of 5.43%, suggesting that while recent movements are positive, the stock has faced considerable challenges over a longer timeframe.