Why is Mamata Machinery falling/rising?

As of 11-Jul, Mamata Machinery Ltd's stock price is currently at Rs 491.15, reflecting an increase of Rs 6.5 or 1.34%. The stock has been on an upward trend, gaining 19.21% over the last two days and outperforming its sector by 2.45% today. It reached an intraday high of Rs 525, although it also experienced a low of Rs 453.25 during the trading session, indicating a wide trading range of Rs 71.75. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which suggests a strong positive momentum. Additionally, the company has shown impressive financial performance, with a net profit growth of 226.74% and a significant increase in operating profit, contributing to positive investor sentiment.
In the broader market context, Mamata Machinery's short-term performance has been notably strong, with a 1-week return of +19.07%, contrasting sharply with the Sensex, which has declined by 1.12% over the same period. This divergence indicates that Mamata Machinery is gaining traction among investors despite a generally unfavorable market environment. The company's low debt-to-equity ratio and consistent positive results over the last two quarters further bolster its appeal, suggesting that the stock's recent rise is supported by both strong fundamentals and favorable market conditions.