Why is Man Industries falling/rising?

As of 04-Aug, Man Industries (India) Ltd is experiencing a rise in its stock price, currently at 453.90, reflecting an increase of 16.6 or 3.8%. The stock has shown a positive trend today, having outperformed its sector by 0.95%, and it has gained after two consecutive days of decline. Additionally, it is trading above all its moving averages, indicating strong momentum. Over the past week, the stock has increased by 5.23%, and year-to-date, it has risen by 38.72%, significantly outperforming the Sensex, which has only increased by 3.69%. The company has demonstrated consistent returns over the last three years, with a remarkable 365.30% increase, and its recent financial results indicate strong operational performance, including a record net sales figure.
In the broader market context, while Man Industries has shown robust short-term performance, the Sensex has only marginally increased by 0.16% over the past week. This contrast highlights the stock's strength relative to the overall market. However, there is a noted decline in investor participation, with delivery volume dropping by 25.27% against the five-day average, which could be a concern for future liquidity. Despite this, the company's low debt-to-equity ratio and strong profit growth suggest a solid foundation, contributing to its current upward price movement.