Why is Mamata Machinery falling/rising?

As of 23-Sep, Mamata Machinery Ltd's stock price is currently at Rs 492.45, reflecting an increase of Rs 12.1 or 2.52%. The stock has shown strong performance recently, with a 1-week return of +8.45% and a 1-month return of +18.41%, significantly outperforming the Sensex, which has seen a decline of -0.34% over the same week and a modest increase of +0.98% over the month. Today's trading saw the stock reach an intraday high of Rs 503, although it also touched a low of Rs 470.15. Despite a decrease in delivery volume by -48.79% compared to the 5-day average, the stock is trading above all key moving averages, indicating positive momentum. However, the company's recent financial results have shown significant declines in net sales and profits, which may raise concerns among investors.
Broader market context indicates that while Mamata Machinery has been performing well in the short term, it has a year-to-date return of -13.39%, contrasting with the Sensex's gain of +5.07%. This divergence suggests that the stock's recent rise may be driven by specific factors related to the company rather than broader market trends. Additionally, the decrease in institutional investor participation, which has fallen by -0.84%, could indicate a lack of confidence in the company's fundamentals despite its low debt-to-equity ratio and healthy long-term growth in operating profit. Overall, while the stock is currently rising, the mixed signals from financial performance and investor sentiment suggest caution moving forward.