Why is Manaksia Alumi. falling/rising?

As of 31-Jul, Manaksia Aluminium Company Ltd is experiencing a price increase, currently at 31.01, reflecting a rise of 0.66 or 2.17%. The stock has shown strong performance recently, outperforming its sector by 4.42% today and achieving consecutive gains over the last three days, with an overall return of 8.69% during this period. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite a year-to-date decline of 2.11%, the company has reported positive financial results, including a significant operating profit to interest ratio and increased net sales, contributing to its attractive valuation compared to peers.
In the broader market context, while the Sensex has declined by 1.22% over the past week and 3.00% over the past month, Manaksia Aluminium's 1-week return of 1.01% and 1-month return of 19.73% indicate a strong relative performance. The stock's liquidity is also favorable, with a notable increase in delivery volume, suggesting rising investor participation. Overall, the combination of positive financial indicators and strong recent performance against a backdrop of a declining sector has contributed to the stock's upward movement.