Why is Man Industries falling/rising?

As of 24-Jul, Man Industries (India) Ltd is experiencing a price increase, currently at Rs 444.50, reflecting a rise of Rs 6.3 or 1.44%. The stock has been gaining for the last two days, with a total return of 3.58% during this period. It outperformed its sector by 1.11% today and reached an intraday high of Rs 447, while the day’s low was Rs 426.75. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 16.68% compared to the 5-day average. The company has a low debt-to-equity ratio and has reported positive financial results, including a significant growth in profit before tax and net sales, which supports its fair valuation and contributes to the stock's upward movement.
In the broader market context, Man Industries has outperformed the benchmark Sensex over the past week, with a return of 6.45% compared to a slight decline of 0.09% for the index. Over the last month, the stock has increased by 13.62%, while the Sensex has only risen by 0.16%. This trend of outperformance is further highlighted by the stock's year-to-date return of 35.85%, significantly surpassing the Sensex's 5.18%. Despite a slight decline of 3.31% over the past year, the company's profits have increased by 45.9%, indicating strong underlying performance that may be driving investor confidence and contributing to the recent rise in stock price.