Why is Mamata Machinery falling/rising?

As of 17-Jul, Mamata Machinery Ltd's stock price is currently at Rs 498.90, reflecting an increase of Rs 13.3, or 2.74%. The stock has shown strong performance recently, gaining 8.28% over the last two days and outperforming its sector by 1.18%. Additionally, it has risen 17.17% over the past month, while the benchmark Sensex has only increased by 0.83%. The company has reported positive financial results, with a significant growth in net profit of 226.74% and operating profit growth at an annual rate of 85.43%. These factors contribute to the stock's upward movement, despite a recent decline in investor participation, as indicated by a 57.85% drop in delivery volume against the five-day average.
Broader Market Context: In the short term, Mamata Machinery's stock has outperformed the Sensex, which has declined by 1.12% over the past week, while Mamata Machinery has increased by 2.94%. This contrast highlights the stock's relative strength in a challenging market environment. The company's low debt-to-equity ratio and consistent positive results over the last two quarters further bolster investor confidence, suggesting a healthy long-term growth outlook despite the broader market's fluctuations.