Why is Man Industries falling/rising?

As of 03-Jul, Man Industries (India) Ltd is experiencing a price increase, with its current price at 439.55, reflecting a rise of 22.4 or 5.37%. The stock has been on an upward trend, gaining for the last four days and achieving a total return of 8.49% during this period. It has outperformed its sector by 5.79% today and has consistently traded above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite a decline in delivery volume by 48.67% against the 5-day average, the company has reported strong financial performance, including a significant increase in profit before tax and net sales, contributing to a favorable outlook.
In the broader market context, Man Industries has outperformed the Sensex in the short term, with a 1-week return of 7.97% compared to the benchmark's decline of 0.62%. Year-to-date, the stock has shown a robust return of 34.34%, significantly higher than the Sensex's 6.53%. The company's low debt-to-equity ratio and strong profit growth, despite a negative return over the past year, suggest a fair valuation and potential for future gains, further supporting the stock's recent upward movement.