Why is Manaksia Coated falling/rising?

As of 18-Aug, Manaksia Coated Metals & Industries Ltd is experiencing a price increase, currently at Rs 145.35, reflecting a rise of 1.2 (0.83%). The stock has shown a strong performance over the past year, with a remarkable return of 143.67%, and has outperformed the BSE500 in the last three years, one year, and three months. Today's trading saw the stock touch an intraday high of Rs 149, indicating positive momentum. However, there are concerns regarding falling investor participation, as the delivery volume has decreased significantly by 52.4% compared to the five-day average. Despite this, the company reported very positive results with a net profit growth of 178.53% and a strong operating profit to interest ratio, which may contribute to the stock's upward movement.
In the broader market context, the stock's short-term performance has lagged behind the benchmark, with a 1-week return of -1.12% compared to the Sensex's +0.83%. While the stock has shown impressive long-term growth, its recent decline in institutional investor participation, with a 6.78% decrease in stake, raises concerns about its future performance. The stock's valuation appears expensive with a ROCE of 13 and a PEG ratio of 1.6, suggesting that while it has performed well historically, the current market dynamics and valuation metrics could impact investor sentiment moving forward.