Why is Mamata Machinery falling/rising?

As of 21-Jul, Mamata Machinery Ltd's stock price is currently at 504.15, reflecting an increase of 17.95, or 3.69%. The stock has shown strong performance today, outperforming its sector by 3.82% and reaching an intraday high of Rs 528.7, which is an 8.74% rise. Over the past week, the stock has gained 9.05%, and over the past month, it has increased by 20.60%. However, it is important to note that the stock has a year-to-date decline of 11.33%. The company has demonstrated healthy growth, with significant increases in net profit and operating profit, contributing to positive investor sentiment despite a recent decline in delivery volume.
In the broader market context, while Mamata Machinery has been performing well in the short term, the benchmark Sensex has remained relatively flat, with a slight decrease of 0.06% over the past week and a 0.25% decline over the past month. This indicates that the stock's rise is not part of a broader market trend, but rather a reflection of its individual performance and positive financial results. The company's low debt-to-equity ratio and impressive growth metrics have likely bolstered investor confidence, leading to the recent upward movement in its stock price.