Why is Mamata Machinery falling/rising?

As of 16-Jul, Mamata Machinery Ltd's stock price is rising, currently at Rs 485.60, reflecting an increase of Rs 24.85 or 5.39%. The stock has shown a positive trend today, outperforming its sector by 4.08% and reversing a two-day decline. It reached an intraday high of Rs 496.15, indicating strong buying interest. Over the past week, the stock has gained 17.86%, contrasting sharply with the Sensex, which has declined by 1.08%. Additionally, the company has demonstrated robust financial performance, with a significant growth in net profit of 226.74% and operating profit growing at an annual rate of 85.43%. These factors contribute positively to investor sentiment and the stock's upward movement.
Broader Market Context: In the short term, Mamata Machinery's stock has significantly outperformed the benchmark Sensex, which has seen a decline over the same period. While the stock has shown strong returns over the past week and month, it has a year-to-date performance that lags behind the Sensex, with a decline of 14.60% compared to the benchmark's gain of 5.75%. Despite falling investor participation, as indicated by a 79.39% drop in delivery volume, the stock remains liquid enough for trading, suggesting that the recent price increase is driven by positive company fundamentals rather than broader market trends.