Why is Manaksia Coated falling/rising?

As of 20-Aug, Manaksia Coated Metals & Industries Ltd is experiencing a rise in its stock price, currently at Rs 151.00, reflecting an increase of Rs 5.75 or 3.96%. The stock has shown strong performance today, outperforming its sector by 3.84% and reaching an intraday high of Rs 155.95, which is a 7.37% increase. Over the past week, the stock has risen by 4.75%, and it has delivered impressive returns of 139.49% over the past year, significantly outperforming the Sensex, which has only increased by 1.31% in the same period. The company reported a remarkable growth in net profit of 178.53%, alongside a very positive operating profit to interest ratio and a low debt-equity ratio, which contribute to the stock's upward momentum. However, there are concerns regarding falling investor participation, with a notable decrease in delivery volume, which could indicate waning interest among retail investors.
In the broader market context, the stock's short-term return of 4.75% over the past week is significantly higher than the Sensex's increase of 1.64%, highlighting its strong performance relative to the market. Despite the positive short-term and long-term returns, there are risks associated with the stock, including a high valuation and reduced participation from institutional investors, who have decreased their stake in the company. This decline in institutional interest may affect future price movements, as these investors typically have more resources to analyze company fundamentals. Overall, while the stock is currently rising due to strong financial performance and market outperformance, the declining participation and high valuation present potential risks that could influence its future trajectory.