Why is Mamata Machinery falling/rising?

As of 01-Jul, Mamata Machinery Ltd's stock price is currently at Rs 397.00, reflecting an increase of Rs 1.9 or 0.48%. The stock has shown a trend reversal, gaining after four consecutive days of decline. Today, it outperformed its sector by 1.43%, reaching an intraday high of Rs 403.9. Despite this positive movement, the stock has experienced significant declines over the past week and month, with returns of -6.27% and -9.92%, respectively. However, the company has demonstrated strong fundamentals, including a low Debt to Equity ratio and impressive growth in operating profit and net profit, which may contribute to the recent positive price movement.
Broader market context indicates that while Mamata Machinery's stock has struggled year-to-date with a decline of -30.18%, the benchmark Sensex has gained 7.11% in the same period. This stark contrast highlights the stock's underperformance relative to the broader market. Nonetheless, the rising investor participation, as evidenced by a significant increase in delivery volume, suggests a growing interest in the stock, potentially driven by the company's positive financial results over the last two quarters. This combination of factors may be influencing the stock's recent upward movement despite its overall negative performance in the longer term.