Why is Man Industries falling/rising?

As of 15-Sep, Man Industries (India) Ltd is experiencing a rise in its stock price, currently at Rs 417.15, reflecting an increase of Rs 8.5 or 2.08%. The stock has shown a positive performance today, outperforming its sector by 1.21% and achieving consecutive gains over the last two days with a total return of 2.49%. Over the past month, the stock has increased by 5.22%, and it has delivered a remarkable year-to-date return of 27.49%. However, it is important to note that there has been a decline in investor participation, with delivery volume falling by 37.13% compared to the 5-day average. The company maintains a low Debt to Equity ratio of 0.08 times, which is a positive indicator, but it faces challenges with poor long-term growth metrics, including a decline in net sales and profit after tax.
In the broader market context, the stock's short-term performance has been slightly below that of the benchmark Sensex, which has risen by 1.24% over the past week. Despite this, Man Industries has consistently outperformed the BSE500 over the last three years, with a staggering 372.96% increase compared to the benchmark's 36.46%. While the stock's recent performance is encouraging, the concerns regarding its long-term growth and high valuation relative to peers may temper investor enthusiasm moving forward.