Why is Mallcom (India) falling/rising?

As of 17-Sep, Mallcom (India) Ltd's stock price is currently at 1,331.90, reflecting an increase of 7.35 (0.55%). The stock has been on an upward trend, gaining for the last five days with a total return of 3.46% during this period. It opened today with a notable gain of 4.1% and reached an intraday high of Rs 1378.8. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong momentum. The recent increase in investor participation, with a significant rise in delivery volume, suggests growing confidence among investors. Furthermore, despite a year-to-date decline of 13.14%, the company's profits have surged by 61.8%, and it maintains a low Debt to EBITDA ratio of 0.69, contributing to a fair valuation relative to its peers.
In the broader market context, Mallcom's short-term performance of +3.46% over the past week outpaces the Sensex, which has risen by 1.56% in the same timeframe. This indicates that the stock is performing well compared to the overall market. However, it is important to note that while the stock has shown positive movements recently, it has still experienced a decline of 16.55% over the past year, contrasting with the Sensex's minor drop of 0.46%. This divergence highlights the stock's volatility and the potential for recovery, especially given its strong earnings growth and favorable financial metrics.