Why is Mamata Machinery falling/rising?

As of 10-Sep, Mamata Machinery Ltd's stock price is rising, currently at Rs 478.70, reflecting an increase of Rs 67.4 or 16.39%. The stock has outperformed its sector by 15.23% today and has shown consecutive gains over the last two days, with a total return of 19.27% during this period. It opened with a gain of 2.13% and reached an intraday high of Rs 492. The stock has also been trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. Positive factors contributing to this rise include a low debt-to-equity ratio of 0.04 and healthy long-term growth, with operating profit increasing at an annual rate of 85.43%. However, the company has reported flat results for the quarter ending June 25, with significant declines in net sales, profit before tax, and profit after tax compared to previous quarters.
In the broader market context, Mamata Machinery's 1-week return of 16.27% significantly outpaces the Sensex's return of 1.06% during the same period. While the stock has struggled year-to-date with a decline of 15.81%, the recent performance indicates a potential recovery. Despite the positive short-term momentum, the stock's long-term outlook is tempered by falling participation from institutional investors, who have reduced their stake by 0.84% in the last quarter, indicating a lack of confidence among more knowledgeable market participants. This mixed sentiment reflects the complexities of the stock's performance, balancing strong recent gains against underlying concerns about its financial health and institutional interest.