Why is Mamata Machinery falling/rising?

As of 10-Jul, Mamata Machinery Ltd's stock price is currently at 484.65, reflecting a significant increase of 72.65, or 17.63%. Today's performance indicates a strong upward trend, as the stock has outperformed its sector by this same percentage. After experiencing two days of consecutive declines, the stock has shown a trend reversal, opening with a gain of 3.64% and reaching an intraday high of Rs 495.4, which is a 20.24% increase. Despite this positive movement, there has been a notable decline in investor participation, with delivery volume dropping by 78.15% compared to the 5-day average. However, the company has demonstrated healthy long-term growth, with operating profit increasing at an annual rate of 85.43% and a remarkable net profit growth of 226.74%, contributing to its positive results over the last two quarters.
In the broader market context, Mamata Machinery's short-term return of 16.22% over the past week stands in stark contrast to the Sensex, which has remained nearly flat at -0.06%. This indicates that the stock is gaining traction while the overall market is stagnant. Year-to-date, however, Mamata Machinery has underperformed with a decline of 14.76%, compared to the Sensex's gain of 6.46%. Despite the recent positive momentum, the stock's long-term performance remains a concern, as it has not kept pace with the benchmark over the year or longer periods. Overall, while the stock is currently rising due to strong operational results and a recent trend reversal, its historical performance and declining investor participation suggest caution.