Why is Manaksia Alumi. falling/rising?

As of 17-Jul, Manaksia Aluminium Company Ltd's stock price is currently at Rs 29.76, reflecting an increase of Rs 3.4 or 12.9%. The stock has shown strong performance recently, outperforming its sector by 13.28% today and gaining 14.9% over the last two days. It has also traded at a wide range, reaching an intraday high of Rs 31.13. In terms of returns, the stock has increased by 11.38% over the past week and 13.16% over the past month, while it has seen a decline of 6.06% year-to-date and 8.03% over the past year. Positive financial results, including a 25.15% growth in net sales and a strong operating profit to interest ratio, contribute to its attractive valuation, as the stock is trading at a discount compared to its peers.
Broader market context indicates that while Manaksia Aluminium has been performing well in the short term, the benchmark Sensex has experienced a slight decline of 1.12% over the past week. This contrast highlights the stock's resilience and investor confidence despite broader market challenges. The rising investor participation, evidenced by a significant increase in delivery volume, suggests a growing interest in the stock, which may be bolstered by its strong financial performance and favorable valuation metrics. Overall, the combination of positive stock-specific factors and the stock's ability to outperform the benchmark in the short term are driving its recent price increase.