Why is Mamata Machinery falling/rising?

As of 18-Sep, Mamata Machinery Ltd's stock price is currently at Rs 479.40, reflecting an increase of Rs 11.8 or 2.52%. The stock has shown strong performance recently, gaining 5.57% over the last two days and outperforming its sector by 2.29% today. It has also been trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. However, the company has reported a significant decline in net sales and profits in its latest quarterly results, which may raise concerns among investors. Additionally, while the company has a low debt-to-equity ratio and healthy long-term growth in operating profit, the recent flat results and falling participation from institutional investors could be weighing on investor sentiment.
In the broader market context, Mamata Machinery's stock has outperformed the Sensex over the past week, with a return of 3.34% compared to the benchmark's 1.80%. Over the past month, the stock has risen by 16.08%, significantly higher than the Sensex's 2.14% increase. Despite these positive short-term returns, the stock has a year-to-date decline of 15.69%, contrasting with the Sensex's gain of 6.24%. This divergence suggests that while the stock is experiencing a short-term rally, longer-term challenges remain, particularly in light of the recent disappointing financial results and reduced institutional interest.