Why is Man Industries falling/rising?

As of 18-Sep, Man Industries (India) Ltd is experiencing a price increase, currently at 432.30, reflecting a rise of 8.75 or 2.07%. The stock has shown strong performance recently, outperforming its sector by 1.67% today and achieving a consecutive gain over the last two days with a total return of 4.52%. It has also reached an intraday high of Rs 440, indicating positive momentum. Over the past week, the stock has risen by 6.22%, and it has generated a substantial year-to-date return of 32.12%. The company benefits from a low debt-to-equity ratio of 0.08 and has consistently outperformed the BSE500 over the last three years, although it faces challenges with declining quarterly net sales and profit after tax.
In the broader market context, Man Industries has significantly outperformed the Sensex, which has only increased by 1.80% over the past week, while the stock's performance over the last month shows a gain of 9.86% compared to the Sensex's 2.14%. This disparity highlights the stock's strong relative strength in the market. Despite some concerns regarding long-term growth and profitability metrics, the recent increase in investor participation, as evidenced by an 83.93% rise in delivery volume, suggests a positive sentiment among investors, contributing to the stock's upward movement.